For a given benefit, a rational person chooses the option that has:
A. the average opportunity cost.
B. the highest opportunity cost.
C. the lowest opportunity cost.
D. no opportunity cost.
Answer: C
Economics
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ALL of the following describe economic conditions during the Great Depression in the United States EXCEPT:
A. a sharp decline in stock prices. B. high rates of inflation. C. low levels of production. D. high rates of unemployment.
Economics
The smallest single component of M1 is
A) other checkable deposits. B) traveler's checks. C) savings account balances. D) demand deposits.
Economics
The theory of _____ states that the _____ adjusts to bring money supply and money demand into balance
Fill in the blank(s) with correct word
Economics
The opportunity to increase profitability is the primary reason that firms decide to export.
a. true b. false
Economics