The opportunity cost of a movement from point N to J would
A. be the lost production of some capital goods.
B. be the lost production of some consumer goods.
C. be slower economic growth in the future.
D. not involve any sacrifice of either capital or consumer goods.
B. be the lost production of some consumer goods.
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A bank can lend out its excess reserves but not its required reserves
a. True b. False Indicate whether the statement is true or false
The price of gold is 300 U.S. dollars per ounce in New York and 435 Canadian dollars per ounce in Toronto, Canada. If the law of one price holds for gold, the nominal exchange rate is ________ Canadian dollars per U.S. dollar.
A. 0.333 B. 1 C. 0.690 D. 1.45
ItemBillions of DollarsCheckable Deposits$2,000Small Time Deposits350Currency Held by the Public80Savings Deposits, Including Money-Market Deposit Accounts1,300Money-Market Mutual Funds Held by Individuals600Money-Market Mutual Funds Held by Businesses700Refer to the above table. The size of the M1 money supply is:
A. $2,080. B. $2,220. C. $1,940. D. $2,730.
Suppose a poverty program has a basic benefit of $8,000, and a family can earn up to $16,000 before losing all welfare benefits. The marginal tax rate is ________ percent.
A. 0.10 B. 0.2 C. 0.5 D. 2.0