Refer to the accompanying figure. For Chris, the opportunity cost of planting one bulb is removing:    

A. 1/3 of a bag of trash.
B. 1/25 of a bag of trash.
C. 3 bags of trash.
D. 25 bags of trash.


Answer: A

Economics

You might also like to view...

The ________ specializes in making long-term loans for capital investment projects that do not have private financial support

A) International Monetary Fund B) Federal Reserve Bank C) World Bank D) European Central Bank

Economics

Suppose that the chain-weighted index for GDP in Panama was 180 in 2015 and 188 in 2016. The inflation rate between those two years was approximately

A) 1.1 percent. B) 4.4 percent. C) 8 percent. D) 10.4 percent.

Economics

Which of the following statements about market economies is correct?

a. In a market economy, no one is looking out for the economic well-being of society as a whole. b. Market economies are characterized by decentralized decision making and self-interested decision makers. c. Market economies have proven remarkably successful in promoting overall economic well-being. d. All of the above are correct.

Economics

one of the four main categories of spending identified by John Maynard Keynes is net exports

a. true b. false

Economics