Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point D to Point B, the opportunity cost of hybrid cars, measured in terms of motorcycles,
A. initially increases, then decreases.
B. increases.
C. remains constant.
D. decreases.
Answer: B
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Gross domestic product (GDP) does not reflect many things that individuals do for themselves
a. True b. False Indicate whether the statement is true or false
Which of the following is not included as a component of the M1 definition of money?
A) bonds B) checkable deposits C) coins and bills held by the nonbank public D) all of the above E) none of the above
An exchange rate appreciation will shift the aggregate demand curve inward.
Answer the following statement true (T) or false (F)
Refer to the data. Suppose that a new government regulation is going to shut down OZ's mining operation one year from now. If the current price per bar of gold is $25,000, how many bars (in thousands) should OZ extract and sell this year?
The table below shows the quantity of gold bars (Q b ) in thousands, the extraction cost for each thousand bars (in millions of dollars), and user cost of each thousand bars (in millions of dollars) facing the OZ Mining Company this year..
A. 3.
B. 4.
C. 5.
D. As many as possible.