Refer to Exhibit 2-9. For Alex, the opportunity cost of producing one unit of good B is ____________ unit(s) of good A.
0.33
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Suppose s = 0.14, Y = 4000, K = 6200, n = 0.02, and d = 0.08. In this case, national saving is ________ than steady-state investment, so that the amount of capital per worker is ________
A) greater, rising B) greater, falling C) less, rising D) less, falling
What are the key differences in antitrust enforcement in the U.S. and Europe?
A) EU authorities may only impose civil fines B) It is generally easier to show that a firm is dominant under EU law C) EU antitrust investigations are conducted more quickly than in the U.S. D) all of the above
Fundamentally, fiscal policy deals with which of the following?
A. changes in the federal budget B. changes in M1 C. changes in interest rates
Which of the following is likely in response to the policy initiative described in the In the News article titled "U.S. Federal Reserve Cuts Interest Rates to Historic Low"?
A. Home equity and home mortgage loans will dry up. B. Bank lending will increase. C. The unemployment rate will rise. D. The inflation rate will fall in the long run.