Refer to the information provided in Table 20.4 below to answer the question(s) that follow.
Table 20.4GermanyChileBeerWineBeerWine(cases)(cases)(cases)(cases)75030 060152412453018 24304512 361560 6 48075 0 60 Refer to Table 20.4. In Germany, the opportunity cost of 1 case of beer is
A. 1/2 case of wine.
B. 1 case of wine.
C. 2 cases of wine.
D. 5 cases of wine.
Answer: B
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An increase in the real interest rate leads to a(n) ________
A) increase in demand for capital B) decrease in demand for labor C) increase real output D) increase in demand for money
A market maker faces the following demand and supply for widgets. Eleven buyers are willing to buy at the following prices: $15, $14, $13, $12, $11, $10, $9, $8, $7, $6, $5 . Eleven sellers are also willing to sell at the same prices. If the market maker makes three transactions, what is his total profit?
a. $12 b. $15 c. $18 d. $21
A surplus occurs when the quantity of a good supplied at the existing price is greater than the quantity demanded
Indicate whether the statement is true or false
Explain how elections in countries with democratic political institutions can place controls on corruption
What will be an ideal response?