If the fiscal authority is focused on maintaining a balance of payments equilibrium, it is said to be pursuing
A) external balance.
B) internal balance.
C) payments balance.
D) international peace.
A
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In the above figure, the combination of computers and televisions shown by point x
A) is not attainable at the point in time for which the graph is drawn. B) can be attained only if some of society's resources are unemployed. C) suggests that the law of increasing relative costs does not hold. D) results only because society allocates its resources inefficiently.
Which of the following is the BEST example of a monopsonist?
A) a household hiring a gardener B) a turnip farmer hiring seasonal help C) Hershey's Chocolate Factory in Hershey, PA D) Vinaka Coffee Shop in Carlsbad, CA
When total utility is maximized, marginal utility will be
a) Positive b) Zero c) negative d) negative then positive
The implicit cost of ownership:
A. is the monetary opportunity cost that is often overlooked. B. is a cognitive bias. C. is an unproven concept. D. All of these are true.