Sam has been invited to go to the movies with one friend and to Dairy Queen for ice cream with another friend. Because he has only $5.00, Sam can't do both. If he decides to go the movies, the opportunity cost of his choice is
A. staying at home.
B. both the ice cream and the movie.
C. ice cream at Dairy Queen.
D. the movie.
C. ice cream at Dairy Queen.
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When the Fed wants to expand the money supply, it
A. buys government securities. B. sells government securities. C. buys common stock. D. sells common stock.
In the Eurozone, labor market integration (including labor mobility) between member nations is:
A) far ahead of the United States. B) on par with the United States. C) less than in the United States. D) structured differently because in the Eurozone workers have better benefits.
One reason stagflation is difficult to recover from is because:
A. less output requires less inputs to be hired. B. prices tend to adjust more quickly downward than upward. C. wages are sticky downward. D. input prices increase with output prices.
Which of the following is not included in personal consumption expenditures?
A. New furniture and appliances bought by homeowners B. Payments for cable and Internet services to homes C. Purchases of mutual funds by consumers D. Food purchased at supermarkets