Refer to the table below. Martha's opportunity cost of making of a pie is: Time to Make a PieTime to Make a CakeMartha60 minutes80 minutesJulia50 minutes60 minutes
A. 3/4 of a cake.
B. 80 cakes.
C. 8 cakes.
D. 4/3 of a cake.
Answer: A
Economics
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The Celler-Kefauver Act is primarily concerned with prohibiting:
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Strategic behavior
A) is found in competitive markets. B) is a form of product differentiation. C) involves the interdependence of actions. D) is only present when there are price fixing agreements.
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If net exports decrease by $10 billion and the MPC is 0.9, what is the ultimate change in GDP?
a. $100 billion b. -$10 billion c. $10 billion d. -$100 billion e. -$9 billion
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Since the Second World War, the severity of the business cycle has lessened.
Answer the following statement true (T) or false (F)
Economics