The Skinned Knee Corporation can produce either 300 skateboards each week or 500 snowboards each week. What is their opportunity cost of producing 300 skateboards each week?
A) 300 skateboards
B) 200 snowboards
C) 500 snowboards
D) 800 snowboards
C
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An early sign that financial innovation might be leading toward a financial crisis is ________
A) deleveraging B) a bank panic C) a credit boom D) debt deflation
A plastics manufacturer can make either toys or containers. If the demand for toys increases, then the:
a. Supply of containers will decrease b. Supply of containers will increase c. Demand for containers will decrease d. Demand for containers will increase
Which of the following "costs" could a firm that wants to remain in business avoid if it halted current production?
A. Opportunity costs B. Variable costs C. Fixed costs D. Sunk costs
Refer to the graph below. Suppose that its shows the S and D graphs in a market where production entails a significant amount of pollution. In this case, the government should use its coercive power to make:
A. The supply curve shift to the left
B. The supply curve shift to the right
C. The demand curve shift to the left
D. The demand curve shift to the right