Refer to the table. If the economy is producing at production alternative C, the opportunity cost of the tenth unit of consumer goods will be:
Answer the question on the basis of the data given in the following production possibilities
table:
A. 4 units of capital goods.
B. 2 units of capital goods.
C. 3 units of capital goods.
D. 1 / 3 of a unit of capital goods.
D. 1 / 3 of a unit of capital goods.
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Prior to financial deregulation, the store of value and medium of exchange functions of money were maintained separate among asset classes because the regulatory agencies
A) precluded the payment of interest by checking accounts. B) allowed the payment of interest by checking accounts. C) specifically prohibited money market stock funds. D) allowed the payment of interest on passbook savings accounts.
Under adaptive expectations theory, an increase in the short-run aggregate demand curve ____ the inflation rate and ____ the unemployment rate
a. increases; increases b. increases; decreases c. increases; does not change d. decreases; increases
Suppose the real interest rate in the economy is 3% and the nominal interest rate is 6%, what is the current inflation rate?
a. 18% b. 9% c. 2% d. 3% e. 2.5%
Which of the following countries has historically been more willing to sacrifice environmental quality for additional economic output?
a. United States b. China C. Canada D. France