Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point B to Point D, the opportunity cost of motorcycles, measured in terms of hybrid cars,
A. increases
B. remains constant.
C. initially increases, then decreases.
D. decreases.
Answer: A
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In the simple accelerator theory an increase in expected sales will
A) lead to an increase in net investment. B) not necessarily lead to an increase in net investment. C) lead to an immediate increase in replacement investment. D) lead to an increase in net investment in the following period.
The Fed's actions leading up to the Great Recession:
A. may have contributed to the housing bubble and made the recession worse. B. may have mitigated the housing bubble and stopped the recession from having been worse. C. may have contributed to falling consumer confidence and made the recession worse. D. may have helped to boost consumer confidence and stopped the recession from having been worse.
Fire protection and police protection may be provided more efficiently by the private sector than by the public sector.
Answer the following statement true (T) or false (F)
The two kinds of banks are ________ banks and ________ banks.
A. brokerage; investment B. federal reserve; private C. private; commercial D. commercial; investment