Refer to Figure 18.3. The opportunity cost of producing scooters in Livonia is

A) 2/3 of a pogo stick. B) 6/5 of a pogo stick. C) 1.5 pogo sticks. D) 1.25 pogo sticks.


D

Economics

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A shortage will occur whenever

A) price is below the equilibrium price. B) price is above the equilibrium price. C) price is equal to the equilibrium price. D) the supply curve is upward sloping.

Economics

When electronic digital wristwatches were first introduced in 1972 they were priced at $2,100. If the CPI in 1972 was 42 and the CPI in 2019 is 275, then this price is equivalent to approximately ______________________in 2019 dollars.

A. $20,950 B. $11,650 C. $13,750 D. $245 $321

Economics

Which of the following is NOT a protected title vii class?

a. race b. age c. sexual preference d. religion

Economics

Assume a study indicates that attending a class on blackjack strategy improved average winnings by 50 percent. If the null hypothesis is true and the p-value for the 50 percent improvement in winnings is 0.04, then there is a ________ chance of improving your blackjack winnings by 50 percent.

A. 0.2% B. 0.4% C. 4% D. 20%

Economics