Refer to the scenario above. What is Sarah's opportunity cost of producing one earring?
A) 0.33 greeting cards
B) 1 greeting card
C) 1.45 greeting cards
D) 3 greeting cards
A
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If there is an increase in world taxes ________
A) domestic investment would fall B) net exports would increase C) the domestic interest rate would go down D) all of the above E) none of the above
By the 1830s, young women and children
(a) were a very important portion of the industrial work force, about 40%. (b) were a minor portion of the industrial work force, about 10%. (c) were a moderate portion of the industrial work force, about 25%. (d) were not a part of the "industrial" work force because legislation forbade it in order to protect young women and children.
The optimal amount of pollution is not zero because
A) it has been found that pollution in moderate amounts actually has positive benefits. B) there are no benefits to anyone from having zero pollution. C) zero pollution would be too costly. D) we don't have the political structure that could accomplish the goal.
To macroeconomists, investment is mainly the purchases of goods and services
A) by businesses. B) to hold as wealth, such as gold coins or art. C) to hold as wealth, such as stocks and bonds. D) by the government. E) ?b and c