Given the production possibility tables for the First and Second Bakeries shown, we know that the opportunity cost of producing cookies:First BakerySecond BakeryCookiesPiesCookiesPies018091012306206603300900
A. is higher at Second Bakery.
B. is the same at both bakeries.
C. is higher at First Bakery.
D. cannot be computed without further information.
Answer: C
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The three sources of private direct investment in developing nations are
A) bank loans, government loans, and Eurobond issues. B) bank loans, portfolio investments, and foreign direct investments. C) portfolio loans, IMF loans, and government loans. D) foreign direct investment, government loans, and Eurobond issues.
Which of the following terms did Nobel laureate Herbert Simon coin?
a. anchoring b. bounded rationality c. framing d. rule of thumb
Some economists suggest the optimal way for a nation to protect its access to a strategic mineral is with
A) an infant industry tariff. B) a high rate of effective protection to keep local mines in business. C) a quota on imports of the mineral. D) a stockpile.
In the United States in 2016, the percentage of people with some form of health insurance was about
A) 10%. B) 36%. C) 55%. D) 91%.