Dave's opportunity cost of producing 1 pound of corn is ______ pound(s) of green beans
Use the following table to answer the question below.
| Dave's Production Possibilities Schedule | |
| Pounds of Green Beans | Pounds of Corn |
| 0 | 160 |
| 20 | 120 |
| 40 | 80 |
| 60 | 40 |
| 80 | 0 |
A. 4
B. 2
C. 1
D. 1/2
Answer: D. 1/2
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Long-term debt has a maturity that is
A) between one and ten years. B) less than a year. C) between five and ten years. D) ten years or longer.
Which of the following actions should be discussed with an attorney before undertaking as the action could be considered legal?
A) an agreement with a customer about the markets in which the customer is allowed to resell the product B) an agreement with a competitor firm not to bid on a contract C) an agreement with a competitor firm submit a low bid on a contract D) an agreement with a competitor firm submit a high bid on a contract
This school of thought argues that because people anticipate the consequences of announced government policy and incorporate these anticipated consequences into their present decision making, people end up undermining the government policy. What is it?
a. Neo-Keynesian. b. Keynesian. c. Monetarist. d. Supply-side. e. Rational expectations.
What is the relationship between an individual worker's labor supply and the market labor supply?
a. Market labor supply reflects the vertical summation of the opportunity cost for each worker supplying labor in the labor market at a given market quantity. b. Market labor supply reflects the vertical summation of the wage rates for each worker supplying labor in the labor market at a given market quantity. c. Market labor supply reflects the horizontal summation of the quantities of labor supplied by each worker supplying labor in the labor market at a given wage rate. d. Market labor supply is the horizontal summation of the wage rates for each worker supplying labor in the labor market at a given market quantity.