Older people often reminisce about the "good old days" when prices were much lower. This is misplaced nostalgia primarily because in the "good old days,"
a. prices were not really that low.
b. wages were much lower also.
c. people worked longer hours.
d. people had more leisure time.
b
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One of the defining characteristics of a perfectly competitive market is what type of product ?
Because the government has so much money, and can print more, it does not need to borrow and therefore rarely pays net interest on debt
Indicate whether the statement is true or false
In derivative markets, trade takes place in
A) assets such as bonds or common stock that derive their value from the value of the companies which issue them. B) assets whose rates of returns must be derived from information published in financial tables. C) assets that derive their value from underlying assets. D) assets which are not allowed to be traded on organized exchanges.
What is the opportunity cost of 1 ton of apples for the nations of Argentina and Brazil, respectively?
A. 4 tons of oranges and 2 tons of oranges
B. 2.5 tons of oranges and .4 tons of oranges
C. .25 tons of oranges and .5 tons of oranges
D. 2 tons of oranges and 4 tons of oranges