The opportunity cost of more capital goods today is

A) fewer capital goods in the future.
B) fewer consumer goods in the future.
C) fewer consumer goods today.
D) more unemployed resources in the future.


C

Economics

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Which of the following statements is true?

A) A bar chart can only be used to represent independent variables. B) A bar chart does not allow for the comparison of a single variable across many segments. C) A bar chart has many limitations in comparison to pie charts. D) A bar chart indicates the frequency of a variable by using rectangles of different heights or lengths.

Economics

The recovery from the low point of the Great Depression lasted for ____ months.

A. 12 B. 25 C. 50 D. 90

Economics

Which one of the following is least likely to be considered a public good?

a. An interstate highway b. A national park c. Wildlife d. A river e. A golf course

Economics

Your bike is worth $100 and if you park it outside at school there is a 25% chance that it will be stolen. Your utility function for money is   . Assume throughout that the bike value and money are interchangeable since you could sell the bike instantly at its value if necessary. What is the maximum you will pay for the bike check-in now?

What will be an ideal response?

Economics