Refer to Figure 2-11. What is the opportunity cost of producing 1 pound of cashews in Pakistan?
A) 3/8 of a bolt of cotton B) 5/8 of a bolt of cotton
C) 1 3/5 bolts of cotton D) 240 bolts of cotton
C
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In comparison to the situation in the late 1970s, the United States experienced lower nominal interest rates and higher real interest rates in the late 1990s
a. True b. False Indicate whether the statement is true or false
Venture capitalists
A. Are a critical link between entrepreneurial ideas and market reality. B. Provide entrepreneurial ideas. C. Share in the risks but not the rewards of entrepreneurial ideas. D. Are always willing to lend money to new businesses.
Which of the following about capital income is not correct?
A) It refers to a firm's revenue. B) It is also called profit income. C) It goes to the firms. D) It accounts for less than 35% of income in advanced countries.
Refer to Scenario 13.1. If Frank gets to set the agenda, he will pit ________ in the first round to assure that ________ wins the first round vote
A) calamari and jalapeno poppers; jalapeno poppers B) jalapeno poppers and calamari; calamari C) potato skins and calamari; potato skins D) jalapeno poppers and potato skins; potato skins