Refer to the accompanying figure. The opportunity cost of increasing medical care from 200 to 400 units is ________ the opportunity cost of increasing medical care from 400 to 600 units.
A. greater than
B. twice as much as
C. exactly the same as
D. less than
Answer: D
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As disposable income ________, planned consumption expenditure ________ by a ________ amount
A) decreases; increases; larger B) increases; decreases; smaller C) increases; increases; larger D) increases; increases; smaller E) decreases; increases; smaller
In the above figure, a regulation requiring average cost pricing would force the firm to produce at output level
A) Q1. B) Q2. C) Q3. D) Q4.
Which of the following indicates taking an action to reverse the effect of official intervention on the domestic money supply?
A. Playing by the "rules of the game" B. Implementing capital controls C. Sterilization D. Adjusting the country's interest rates
Who believed that people had transactional, precautionary, and speculative motives for holding money?
A. John Maynard Keynes and the classical economists B. Neither John Maynard Keynes nor the classical economists C. The classical economists, but not John Maynard Keynes D. John Maynard Keynes, but not the classical economists