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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Which of the following is most likely to help the residents of a nation produce more goods and services and achieve higher income levels?
a. higher tax rates b. a higher rate of investment c. a smaller trade sector d. greater use of taxation to transfer income from the rich to the poor
Which of the following is not true of Keynesian macroeconomics?
A. Focuses on the short run B. Concerns depressions and unemployment C. Says that aggregate demand affects depressions/recessions D. Concerns inflation control E. Concerns gov't fiscal policy
At point A of Figure 3 within Figure 3.1, demand is 
A. inelastic. B. perfectly inelastic. C. perfectly elastic. D. elastic.
The amount of money available in the economy:
A. is managed by the Federal Reserve. B. varies depending on what is considered money. C. is called the money supply. D. All of these are true.