Refer to Figure 2-6. If the economy is currently producing at point C, what is the opportunity cost of moving to point B?
A) 13 thousand hammers B) 30 thousand wrenches
C) 23 thousand hammers D) 10 thousand wrenches
D
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A fundamental criticism of Time on the Cross is that economics cannot be used to simply compare the welfare of the slaves to their free, white counterparts
Indicate whether the statement is true or false
One advantage of a partnership is
A) lower costs. B) they are easy to form. C) all the profits go to the older partner. D) they are double taxed.
Which one of the following is an example of an external cost?
A) the cost to attend college B) labor costs to a firm C) emissions from a factory D) a house payment owed by a friend
A change in the capital stock ________ the short-run aggregate supply curve and ________ the long-run aggregate supply curve.
What will be an ideal response?