Refer to Figure 2-6. If the economy is currently producing at point E, what is the opportunity cost of moving to point B?
A) 60 thousand spoons B) 26 thousand forks
C) 0 spoons D) 20 thousand forks
C
Economics
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What is a tariff?
What will be an ideal response?
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Which of the following is an intermediate target?
A) M2 B) reserves C) unemployment rate D) inflation rate
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Which of the following is an example of a carrying cost of holding an inventory?
A) the cost of the paperwork necessary to pay for each order B) the delivery charges for an order C) the managerial time spent creating an order for inventory D) the costs of securing the inventory
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The significantly high rates of inflation in the 1970s occurred, in part,
a. because of increased petroleum prices. b. due to high unemployment. c. despite falling gasoline prices. d. due to restrictive monetary policies.
Economics