Opportunity cost cannot be measured in money terms, only in conceptual terms.

Answer the following statement true (T) or false (F)


False

Economics

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Explain why policies designed to reduce urban unemployment may not greatly reduce poverty in developing countries

What will be an ideal response?

Economics

Suppose you made a 5% down payment on a house on January 1, 2013, and on January 1, 2014 you decide to sell the house. If the price of your house decreased by 10%, the return on your investment in the house would be

A) -5%. B) -10%. C) -50%. D) -200%.

Economics

Ownership of a corporation is divided into shares that are claims on the firm's __________ and these shares are also referred to as ____________

a. assets and liabilities; bonds b. assets and liabilities; stocks c. liabilities and earnings; stocks d. assets and earnings; stocks e. assets and earnings; bonds

Economics

Figure 17-5


Refer to . With free trade, this country will
a.
import 40 baskets.
b.
import 70 baskets.
c.
export 35 baskets.
d.
export 65 baskets.

Economics