Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point E to Point A, the opportunity cost of hybrid cars, measured in terms of motorcycles
A. increases.
B. initially increases, then decreases.
C. decreases.
D. remains constant.
Answer: A
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The relationship between the price in the cash market and the price in the futures market is
A) nonexistent. B) negative. C) positive. D) None of the above.
Which of the following was not a reason for the significant decline in housing prices in 2007?
a. overbuilding b. strict regulation c. excessive previous appreciation d. aggressive mortgages
When individuals increase their personal wealth through production and exchange, they
What will be an ideal response?
Assume a bank has total deposits of $100,000 and $20,000 is set aside to meet reserve requirements of the Fed. Its required reserve ratio is:
A. $20,000. B. 20 percent. C. 0.2 percent. D. 1 percent.