Rick was charged $200 while applying for an insurance claim for his damaged car. This is an example of ________
A) a subsidy
B) a copayment
C) a brokerage
D) a dividend
B
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From a society’s viewpoint, when all resources are fully employed, a decision to have more of one thing means we must give up something else.
Answer the following statement true (T) or false (F)
John Maynard Keynes ________
A) questioned the classical view that economies move quickly to their long run equilibrium levels B) advocated focusing on short run fluctuations C) carved out macroeconomics as a distinct field in the 1930s D) all of the above E) none of the above
Intended investment, actual investment, and saving are all equal when the economy is in equilibrium
Indicate whether the statement is true or false
If the law of increasing opportunity costs is operable, and currently the opportunity cost of producing the 101st unit of good X is 5Y, then the opportunity cost of producing the 201st unit of good is X is
What will be an ideal response?