The purchase of a new house is included in government spending
a. True
b. False
Indicate whether the statement is true or false
False
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Use the following table to answer the question below. Jorge's Production Possibilities SchedulePounds of Green BeansPounds of Corn03202024040160608080 0Jorge's opportunity cost of producing 1 pound of green beans is ________ pound(s) of corn.
A. 1/4 B. 4 C. 1 D. 2
When a consumer is consuming at a point where his or her budget line is not as steep as his or her indifference curve, then he or she should
A) consume more of the good that is measured on the horizontal axis. B) consume less of the good that is measured on the horizontal axis. C) not change his or her behavior. D) consume none of the good that is measured on the horizontal axis.
The interest rate compensates
a. bankers for their time spent on paperwork b. borrowers for their increased consumption today c. savers for consumption forgone today d. consumers for more consumption today e. the Fed for its efforts to control the money supply
Examples of public goods include national defense, police, and the U.S. Postal Service.
Answer the following statement true (T) or false (F)