If the economy is producing at point D, the opportunity cost of shifting resources from consumer goods to gain 6 capital goods is _______ consumer goods.
Hypothetical Production Schedule for a Two-Product Economy
Answer: 9
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Refer to Figure 4.1. The game described in the payoff matrix has the characteristics of a(n) ________ game
A) prisoner's dilemma B) pure coordination C) battle of the sexes D) assurance
The statement "Unemployment should be below 6 percent" is
A) a positive statement. B) a normative statement. C) a prediction. D) an assumption.
Between 1800 and 1910, the percentage of the U.S. population living in cities of 100,000 residents or larger went from ____ percent to roughly ___ percent
a. 15; 20 b. 10; 20 c. 5; 20 d. 0; 20
The Bretton Woods System failed in 1971 due to:
A. high rates of inflation in the U.S. B. the desire on the part of participating countries to have an independent monetary policy. C. greater mobility of capital across international borders. D. all of the reasons given are correct.