Fred trades 2 tomatoes to Barney in exchange for 1 pumpkin. Fred and Barney both gain from the exchange. We can conclude that, for Barney, the opportunity cost of producing 1 pumpkin is greater than 2 tomatoes
a. True
b. False
Indicate whether the statement is true or false
False
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An open economy is one in which exports and imports constitute a large share of GDP.
Answer the following statement true (T) or false (F)
Corporations, like individuals, face an alternative minimum tax (AMT).
A. True B. False C. Uncertain
Which of the following is an example of price discrimination?
A) Increasing the price of a product when demand for the product increases. B) Charging different prices for a product in different regions of the country due to differences in transportation costs. C) Bundling complementary products to attract additional sales. D) Reducing the price of a product to reduce excess inventory.
The lending facility that allows any bank to borrow reserves from the Fed is called the:
A. reserve window. B. discount window. C. borrower of last resort. D. reserve rate.