In one month, Moira can knit 2 sweaters or 4 scarves. In one month, Tori can knit 1 sweater or 3 scarves. Moira's opportunity cost of knitting scarves is lower than Tori's opportunity cost of knitting scarves
a. True
b. False
Indicate whether the statement is true or false
False
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The prime engine of growth in market economies is
A) government spending B) consumer spending C) innovation D) private saving
As more of a good is consumed, its marginal utility ________ and its total utility ________
A) rises; rises B) rises; falls C) falls; rises D) falls; falls
If the demand for Home exports decreased abroad, the Home fall in output would be greatest
A) if the decrease was temporary and the exchange rate was fixed. B) if the decrease was temporary and the exchange rate was floating. C) if the decrease was permanent and the exchange rate was fixed. D) if the decrease was permanent and the exchange rate was floating. E) if the decrease was permanent and the exchange rate was high.
The sentiment for increased deregulation in the late 1970's and early 1980's has been felt most significantly in the price regulation of
a. coal b. grain c. transportation d. automobiles e. electric power generation