In economics we learn that
A) tradeoffs allow us to have more of everything we value.
B) tradeoffs allow us to avoid the problem of opportunity cost.
C) opportunity costs are all of the possible alternatives given up when we make a choice.
D) None of the above answers is correct.
D
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If marginal costs are constant what will the average variable cost curve look like? What about the average total cost curve?
What will be an ideal response?
An export subsidy will ________ producer surplus, ________ consumer surplus, ________ government revenue, and ________ overall domestic national welfare
A) increase; decrease; increase; have an ambiguous effect on B) increase; decrease; decrease; decrease C) increase; decrease; have no effect on; have an ambiguous effect on D) increase; decrease; have no effect on; decrease E) increase; increase; decrease; have an ambiguous effect on
________ is a company that obtains funds primarily from wealthy investors and uses the funds to make complicated, often risky investments
A) A mutual fund B) A pension fund C) A hedge fund D) An investment bank
Which of the following observations is true of nontransaction deposits?
a. depositor can use them directly as a means of payment b. they do not pay any interest c. depositor cannot directly write checks against them d. they generally pay lower interest rates than transaction deposits