If opportunity costs are ________, the production possibilities frontier would be graphed as a negatively sloped straight line
A) decreasing
B) increasing
C) negative
D) constant
Answer: D
Economics
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Which of the following is a disincentive to leave welfare?
a. decrease in real income b. lower taxes c. higher incomes d. All of these.
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Operations of the Trading Desk of the Federal Reserve Bank of New York are typically conducted
A. no more often than once per month. B. within a one-hour period during each day. C. once a year. D. no more often than once per week.
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The most numerous or plentiful firms in the United States are found in this form of business
A. proprietorship. B. corporation. C. monopoly. D. partnership.
Economics
Which of the following products comes closest to having a perfectly inelastic demand?
A) bus rides B) cholesterol medication in general C) gasoline D) iPhones
Economics