In one week, Mohammed can knit 5 sweaters or bake 240 cookies. The opportunity cost per sweater for Mohammed is

a. $240
b. 240 cookies
c. 48 sweaters
d. 1/48 of a cookie
e. 48 cookies


E

Economics

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Many financial analysts use GDP as a measure of the economy's performance. However, GDP has several shortcomings in terms of measuring economic well-being

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Economics

A property tax is equivalent to a tax on income

a. True b. False

Economics

A decrease in the price of a currency in terms of another under a flexible exchange rate regime is called:

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Economics

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Economics