Refer to the graph shown. In the graph, the opportunity cost of good X in terms of good Y is:
A. always increasing as we move from A to C.
B. lower along segment AB than along segment BC.
C. the same on both segments.
D. higher along segment AB than along segment BC.
Answer: B
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If the United States exports $250 billion worth of goods and imports $420 billion worth of goods
A) the balance of payments will be -$170 billion. B) the balance of trade will be -$170 billion. C) the balance of trade will be $670 billion. D) the official reserve transaction will be $170 billion.
more foreign investment, attracted by the expectation of economic and political stability
What will be an ideal response?
Which is not true regarding a delayed-compensation contract?
A. It discourages workers from shirking. B. An effective one requires a mandatory retirement age. C. It necessarily costs more in labor costs than a time rate system. D. It is associated with an upward-sloping age-earnings profile. E. It decreases employee turnover within the firm.
Economists consider cyclical unemployment to be the byproduct of a healthy economy
a. True b. False Indicate whether the statement is true or false