Refer to Exhibit 2-9. For Adam, the opportunity cost of producing one unit of good A is ____________ unit(s) of good B.
 ANSWER 5.png)
1.33
You might also like to view...
In a recession, automatic stabilization ________ tax revenues and ________ the debt-GDP ratio
A) lowers, raises B) lowers, lowers C) raises, raises D) raises, lowers
As more firms enter the market,
a. individual firms produce more b. advertising increases c. demand curves become more elastic d. demand curves become more inelastic e. cross elasticities among the goods in the market decrease
The logic behind the tradeoff between inflation and unemployment is that high aggregate demand puts upward pressure on wages and prices while raising output
a. True b. False Indicate whether the statement is true or false
Item weight is the
A. Percentage of total expenditure spent on a particular product. B. Measure of how much consumers demand a particular item. C. Significance placed on a particular item by the wealthiest households. D. Physical weight of a good or service.