Refer to Figure 4-1. What is the total amount that Kendra is willing to pay for 2 ice cream cones?
A) $1.50 B) $3.00 C) $5.50 D) $6.50
D
You might also like to view...
The questions that an economic system attempts to solve include
A) what to produce. B) how to produce items. C) for whom items are produced. D) all of the above.
Almost all of the rent that tenants pay to landlords of apartments buildings is economic rent.
Answer the following statement true (T) or false (F)
The difference in price between hardback books and paperbacks is primarily explained by differences in production costs.
Answer the following statement true (T) or false (F)
Which of the following will tend to occur as a result of a reduction in the proportion of a country's workers who have indexed wages?
A) the unemployment rate will be relatively low. B) the unemployment rate will be relatively high. C) the inflation rate will be relatively low. D) a given change in the unemployment rate will cause a relatively smaller change in the inflation rate. E) none of the above