The production possibilities table below shows the hypothetical relationship between the production of capital goods and consumer goods in an economy.ProductsProduction Possibilities?ABCDECapital Goods01234Consumer Goods22181370Refer to the table above. What is the opportunity cost of producing the first three units of capital goods?
A. 22 units of consumer goods
B. 7 units of consumer goods
C. 6 units of consumer goods
D. 15 units of consumer goods
Answer: D
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Bank's make their profits primarily by issuing
A) equity. B) negotiable CDs. C) loans. D) NOW accounts.
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b. many items are counted twice or more in the intermediate stages of production. c. more women are entering the labor force. d. firms often add less to inventories than they planned to. e. exports are subtracted from GDP but imports are not added.
Which of the following products will be sold by a differentiated oligopoly?
a. Automobiles b. Dairy products c. An ingot of steel d. A barrel of oil