Refer to the table above, which gives five points on a nation's PPF. The opportunity cost of increasing the production of Y from 16 to 36 units is a total of
A) 1/5 unit of X per unit of Y.
B) 2/5 unit of X per unit of Y.
C) 1/2 unit of X per unit of Y.
D) 3/5 unit of X per unit of Y.
B
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The inflation rate measures the average prices of goods and services in the economy
Indicate whether the statement is true or false
Describe the two sources of economies of scale and how these economies of scale lead to intraindustry trade
What will be an ideal response?
When Dr. Katy Stack treats a military veteran at a veterans' administration hospital, the money she receives is part of the _________ category(ies) of government spending
a. educational b. veterans' benefits c. public assistance d. international aid e. income support, Social Security, and welfare
Professional athletes would earn even more if it were not for the ____________ power of professional sports.
A. monopoly B. monopsony C. union D. None of these choices are true.