Refer to Figure 2-8. What is the opportunity cost of one dozen orchids?

A) 0.4 dozen roses B) 2.5 dozen roses C) 7.25 dozen roses D) 16 dozen roses


B

Economics

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When the income distribution is described by and labeled A, what is the value of the Gini coefficient?

a. 0

b. 45

c. 1

d. 2

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Which of the following will cause movement along the reserve demand schedule?

a. a change in the price level b. a change in real GDP c. a change in tax rates d. a change in interest rates

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As Leilani eats a second and third macadamia nut cookie, she will increase her ______ for that good.

a. marginal utility b. demand c. product substitution d. total utility

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Assume firms break even in an industry. New firms ________ attracted to the industry and current ones ________ exiting it.

A. are not; are B. are; are C. are; are not D. are not; are not

Economics