Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The economy is currently at Point B. The opportunity cost of moving from Point B to Point A is the
A. 120 LCD TVs that must be forgone to produce 20 additional OLED TVs.
B. 30 LCD TVs that must be forgone to produce 40 additional OLED TVs.
C. 20 OLED TVs that must be forgone to produce 30 additional LCD TVs.
D. 40 OLED TVs that must be forgone to produce 120 additional LCD TVs.
Answer: C
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When the purchasing power of money declines:
a. the demand for money increases and interest rates fall. b. the supply of bonds increases and interest rates fall. c. the demand for money increases and interest rates rise. d. the supply of bonds decreases and interest rates rise. e. the demand for money decreases and interest rates rise.
.If the supply of a good decreased, what would be the effect on the equilibrium price and quantity?
What will be an ideal response?
An increase in the taxes on electricity production.
A.) Demand is fully satisfied at all alternative prices. B.) The buying intentions of all consumers are realized. C.) The supply intentions of all sellers are realized. D.) The quantity demanded equals the quantity supplied.
In the 1970s and 1980s, savings banks invented NOW accounts to get around financial regulations. This is an example of:
A. quantitative easing. B. a moral hazard problem. C. deleveraging. D. the law of diminishing control.