In one week, Mohammed can knit 5 sweaters or bake 240 cookies. The opportunity cost per cookie for Mohammed is

a. $5
b. 5 sweaters
c. 48 sweaters
d. 1/48 of a sweater
e. 48 cookies


D

Economics

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Outline the principal sources of the debt crisis

What will be an ideal response?

Economics

By providing and communicating information, the financial system

A) reduces the difference between the return on three-month U.S. Treasury bills and the return on thirty-year U.S. Treasury bonds. B) relieves individual savers from the necessity of searching out individual borrowers. C) eliminates the risk in investing in the stock market. D) guarantees investors a reasonable return on their money.

Economics

How does the federal government provide public goods and reduce the number of free riders?

a. Requiring tax payments b. Acquiring private firms c. Investing in education d. Protecting patents

Economics

Consumption reflects _____

Fill in the blank(s) with the appropriate word(s).

Economics