The law of increasing opportunity cost indicates that the production possibilities curve has a constant slope.
a. true
b. false
Ans: b. false
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If the Herfindahl-Hirschman Index in the market for single-use cameras equals 10,000 , then the single-use camera industry is best characterized as
A) a monopoly. B) monopolistic competition. C) an oligopoly. D) perfect competition. E) either a monopoly or monopolistic competition.
What are the factors that can shift the supply of financial capital to a certain investment?
a. if people do not want to alter their existing levels of risk b. if the riskiness or return on one investment is the same as other investments c. if the riskiness or return on one investment changes relative to other investments d. if people do not want to alter their existing levels of consumption
Outsourcing leads to
A. Decreases in productivity and decreases in total output. B. Decreases in productivity and increases in total output. C. Increases in productivity and increases in total output. D. Increases in productivity and decreases in total output.
Universal health coverage, lemon laws, and dealer warranties are all examples of tools used to reduce
A. moral hazard. B. market efficiency. C. risk premiums. D. adverse selection.