Refer to the scenario above. If the opportunity cost of time increases to $80 per hour, which of the following statements is true?
A) Maria should choose to drive as it saves her $10.
B) Maria should choose to drive as it saves her $150.
C) Maria should choose to travel by train as it saves her $10.
D) Maria should choose to travel by train as it saves her $150.
C
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Which of the following statements is true of equilibrium?
A) Economic agents have an incentive to divert from equilibrium. B) Each economic agent can reach equilibrium irrespective of the actions of others. C) In equilibrium, the opportunity cost of the choices made by each economic agent is zero. D) In equilibrium, all economic agents are choosing the best feasible option simultaneously.
Bonds issued by state and local governments are called ________ bonds
A) corporate B) Treasury C) municipal D) commercial
Which of the following is an example of an injection into the circular flow of income and expenditure?
a. Consumption b. Exports c. Taxes d. Saving e. Government borrowing
Buying assets like stocks and bonds is a way to:
A. save. B. invest. C. spend. D. be a market maker.