According to the law of increasing opportunity costs,
A. Greater production means factor prices rise.
B. Higher opportunity costs induce higher output per unit of input.
C. Greater production leads to greater inefficiency.
D. Greater production of one good requires increasingly larger sacrifices of other goods.
Answer: D
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In 2008, Zimbabwe ran out of locally produced Coca Cola and local Coke bottlers were not able to import the concentrated syrup needed to make Coke from the United States because they could not obtain U.S. dollars
A small amount of Coke was imported from South Africa, but a single bottle sold for around 15 billion Zimbabwean dollars. Zimbabwe was experiencing rapid increases in the price level, which is known as A) deflation. B) inflation. C) hyperinflation. D) stagflation.
In the IS-LM Model, assuming downward sloping IS curve and upward sloping LM curve; increase in consumers' wealth is going to
A) cause a movement along the IS curve. B) cause a rightward shift of the IS curve. C) cause a leftward shift of the LM curve. D) cause a rightward shift of the LM curve.
If Ep is 2500 and Y is 3000, then
A) planned inventory accumulation is 500. B) planned inventory depletion is 500. C) unplanned inventory accumulation is 500. D) unplanned inventory decumulation is 500.
If a commercial bank has liabilities valued at $150 million, a net worth of $50 million and assets (not including loans) of $180 million, what is the value of the bank's loans?
a. $180 million b. $200 million c. $20 million d. $280 million e. $80 million