Refer to Table 9-5. Select the statement that accurately interprets the data in the table
A) Madison has a greater opportunity cost than Austin for making tacos.
B) Austin's opportunity cost for making tacos and making empanadas are both greater than Madison's.
C) Austin has a greater opportunity cost than Madison for making empanadas.
D) Madison's opportunity cost for making tacos is less than Austin's.
D
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The higher the concentration ratio, the
a. more control an individual firm has to set prices. b. more competitive the industry. c. less competitive the industry. d. Both a and c are correct.
In 2001, the FOMC lowered the target federal funds rate eleven times, cutting the rate from 6-1/2 percent to 1-3/4 percent. Why didn't the Fed just cut the rate by larger amounts early on?
What will be an ideal response?
Suppose individuals expect a cut in future taxes. Explain what effect this expected reduction in future taxes will have on the yield curve and on stock prices in the current period
What will be an ideal response?
Assume a country is closed. Given this information, which of the following must occur?
A) demand for domestic goods will be less than the domestic demand for goods B) demand for domestic goods will be greater than the domestic demand for goods C) S + T = I + G D) a budget surplus exists E) S = I