Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point B to Point D, the opportunity cost of motorcycles, measured in terms of hybrid cars,
A. increases
B. remains constant.
C. initially increases, then decreases.
D. decreases.
Answer: A
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During the period following the Revolution,:
a. the populations of the major cities increased dramatically. b. per capita exports decreased slightly for the southern states. c. per capita exports decreased sharply for the southern states. d. on average, per capita exports increased.
Newly issued U.S. Treasury Securities are sold in:
A. only to the Federal Reserve who then resells them. B. secondary markets but only using registered bond dealers. C. the secondary market since bonds cannot be sold in the primary market. D. the primary financial market.
Which of the following would not be part of the empirical approach when studying such questions as "Has abortion led to a decrease in the crime rate?"
A. Using models to structure the empirical study B. Creating informal models and hypotheses C. Using deductive reasoning D. Looking at the data
Imagine an ideal scenario where world peace prevails and all nations are led by peace-minded leaders. In such a world, the:
A. MB for defense goods would shift left B. MB for defense goods would shift right C. MC for defense goods would shift left D. MC for defense goods would shift right