The notion of opportunity cost allows the measurement of tradeoffs
Indicate whether the statement is true or false
TRUE
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The Smoot-Hawley tariff triggered a trade war during the Great Depression of the 1930s
Indicate whether the statement is true or false
What is the difference between a "change in demand" and a "change in quantity demanded"?
What will be an ideal response?
Keynes called money people hold to make routine day-to-day purchases the:
a. transactions demand for holding money. b. precautionary demand for holding money. c. speculative demand for holding money. d. store of value demand for holding money.
Other things equal, a country's long-run aggregate supply will shift to the left when _____
a. the aggregate expenditure on education rises b. the productivity of labor rises c. the quantity of natural resources rises d. the mortality rate rises e. the amount of investment rises