Why might a police officer not pull over someone speeding two miles over the speed limit?
A) The explicit costs of stopping the driver over are too high.
B) The opportunity costs of stopping the driver are too high.
C) The opportunity costs of topping he driver are too low.
D) The explicit costs of stopping the driver are too low.
B
You might also like to view...
The bulk of offshoring is vertical, relating to producing a component piece in an overall supply chain production
Indicate whether the statement is true or false
Refer to the above figure. Saving occurs at
A) only at point A. B) to the left of point B. C) only at point B. D) to the right of point B.
The demand for gasoline will be most elastic
A. 1 day after the price change. B. 1 week after the price change. C. 1 month after the price change. D. 1 year after the price change.
Exhibit 14-6 Aggregate supply curve
?
In Exhibit 14-6, when the economy moves from a GDP of $1,000 billion to a GDP of $1,100 billion,
A. higher wages will lower the cost of producing goods. B. real GDP and employment both increase, but only under conditions of constant prices. C. real GDP increases and employment decreases, but only under conditions of price level increases. D. real GDP and employment both increase, but only under conditions of price level increases.