Opportunity costs are another name for marginal costs.
Answer the following statement true (T) or false (F)
False
You might also like to view...
The price of pineapples has risen dramatically. Which of the following is likely to happen?
A) The quantity of pineapples supplied will decrease. B) The supply of pineapples will increase. C) The supply of pineapples will decrease. D) The quantity of pineapples supplied will increase.
"If the money supply rises by $1 billion, GDP will rise until it alone increases the quantity of money demanded by $1 billion." This describes the situation when
A) an IS curve shifts against a horizontal LM curve. B) an IS curve shifts against a vertical LM curve. C) a vertical LM curve shifts against an IS curve. D) a horizontal LM curve shifts against an IS curve.
Tariffs to limit imports to "protect U.S. jobs" will also
A) stimulate exports. B) limit exports. C) decrease import prices. D) reduce domestic production of import-threatened products.
Which of the following would not be studied in macroeconomics?
A. The growth rate of the U.S. economy. B. The impact of government spending on the economy. C. The causes of the Great Depression. D. How a sharp increase in gasoline prices is likely to affect SUV sales.