Refer to Table 2-5. What is Finland's opportunity cost of producing one board foot of lumber?
A) 0.25 cell phones B) 4 cell phones C) 12 cell phones D) 16 cell phones
A
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The manager of Happy Chickens, an organic egg producer, should avoid all of the following topics except which one when speaking to managers of Best Eggs, a competitor firm?
A) Happy Chickens' intent to bid on a large government contract to supply eggs to public schools B) forthcoming changes in Happy Chickens' pricing policies C) Happy Chickens' planned production amounts D) a recent medical report documenting the health benefits from eggs
According to the Classical growth model, population growth:
A. eventually reduces output. B. does not affect output per worker. C. eventually reduces output per worker. D. does not affect output.
Which of the following generates allocative efficiency in a market economy?
A) national government intervention B) voluntary exchange between buyers and sellers C) United Nations rules for competition D) equity
The government purchases multiplier is defined as
A) . B) . C) . D) .