The opportunity cost to a city for using local tax revenues to construct a new park is the:
A. best alternative foregone by building the park.
B. dollar cost of constructing the new park.
C. dollar cost of the old park.
D. increased taxes necessary to pay for maintenance of the new park.
Answer: A
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What will be an ideal response?
If the average price of a car suddenly changes from $15,000 to $25,000, larger, more remote stores with lower prices are ________ to have a(n) ________ in the number of customers.
A) not likely; change B) likely; decrease C) likely; increase D) not likely; decrease
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
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What will be an ideal response?