Maximum Feasible Hourly Production Rates of EitherComputers or Bicycles Using All Available ResourcesProductUnited StatesCanadaComputers810Bicycles42Refer to the above table. Assuming constant opportunity costs, the opportunity cost of producing a computer in the United States is ________ while the opportunity cost of producing a computer in Canada is ________.
A. 0.5 bicycle; 0.2 bicycle
B. 2 bicycles; 5 bicycles
C. 0.8 bicycle; 2 computers
D. 2.5 computers; 0.25 bicycle
Answer: A
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A) new securities are issued. B) financial intermediaries make loans. C) savers place funds in financial intermediaries. D) existing securities can be bought and sold.
Government printing of money to finance government spending is called
A) irresponsible. B) an open-market purchase. C) sterilization. D) seigniorage.
With a price floor:
A. producer surplus will increase if profits increase. B. producer surplus will increase is profits fall. C. producer surplus will decrease if profits increase. D. producer surplus always decreases.
Whether or not a production process shows economies of scale depends on
a. the number of inputs used. b. technology. c. technology and input prices. d. technology and output prices.