Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point A to Point E, the opportunity cost of motorcycles, measured in terms of hybrid cars
A. remains constant.
B. decreases.
C. initially increases, then decreases.
D. increases.
Answer: D
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How does the United States attempt to compensate losers from lower trade restrictions?
What will be an ideal response?
What impact did colonial inflation have on the colonial economy?
(a) An overall increase in private consumption spending in colonial America (b) A decrease in interest rates in colonial America (c) A decrease in colonial exports and a rise in colonial imports (d) An increase in the exchange rates between colonial money and specie
Suppose that in Germany total annual output is worth $600 million and people work 40 million hours. In France total annual output is worth $700 million and people work 50 million hours. In which country do people enjoy a higher standard of living?
The consumption function shows the relationship between planned real consumption spending and
A. the average propensity to consume. B. real disposable income. C. the marginal propensity to consume. D. planned real saving.