When Ferrari decides to produce 1,200 360 Modenas each year, Ferrari is answering the ________ question
A) for whom B) scarcity C) why D) what E) how
D
You might also like to view...
An advantage monetary policy has over fiscal policy is that monetary policy
A) can be quickly changed and implemented. B) is coordinated with fiscal policy. C) is approved by the president of the United States. D) affects consumption expenditure and investment without impacting international trade. E) has no multiplier effects.
Prices provide the rationing function best when
A) prices are flexible. B) prices are inflexible. C) they are used in conjunction with queuing. D) price controls are in place and ration coupons are used too.
Diminishing marginal returns occurs:
A. only in the short run. B. both in the short run and the long run. C. only in the long run. D. only in time periods that are neither long run nor short run.
Refer to the information provided in Figure 6.2 below to answer the question(s) that follow.
Figure 6.2Refer to Figure 6.2. Along budget constraint AC, the opportunity cost of one beer is
A. 1/4 of a gardenburger. B. 1 gardenburger. C. 2 gardenburgers. D. changing as Mr. Lingle moves down his budget constraint.