Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The economy is currently at Point A. The opportunity cost of moving from Point A to Point B is the
A. 30 LCD televisions that must be forgone to produce 60 additional OLED televisions.
B. 90 LCD televisions that must be forgone to produce 20 additional OLED televisions.
C. 30 LCD televisions that must be forgone to produce 20 additional OLED televisions.
D. 120 LCD televisions that must be forgone to produce 40 additional OLED televisions.
Answer: C
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During a recession when people's incomes drop, grocery chains experience much smaller declines in sales than do upscale department stores. Explain this phenomenon using the concept of elasticity
What will be an ideal response?
Which of the following statements best describes the outcome of a shift in the AS curve?
a. If AS shifts out to the left, a combination of lower inflation, higher output, and lower unemployment is possible. b. If AS shifts out to the right, a combination of lower inflation, higher output, and lower unemployment is possible. c. If AS shifts out to the right, a combination of lower inflation, lower output, and higher unemployment is possible. d. If AS shifts out to the left, a combination of lower inflation, lower output, and higher unemployment is possible.
The holder of a corporate bond
a. receives a guaranteed dividend payment each year b. can vote at shareholder meetings c. can vote only for the board of directors at shareholder meetings d. is a part owner of the business e. receives, at most, a stated interest payment on the investment
In May of 2003, the European Central Bank (ECB) decided to:
A. focus almost exclusively on money growth as their target. B. limit the role of interest rate targeting to be second in importance to money growth targeting. C. downgrade the role of money growth in their policymaking strategy. D. switch from an inflation target to a money growth target.