Refer to Table 2-15. What is Jack's opportunity cost of cultivating a garden?
A) one-half of a garden cultivated B) two lawns mowed
C) two-thirds of a garden cultivated. D) one and a half lawns mowed
D
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The unemployment rate measures the percentage of discouraged workers in the labor force
a. True b. False Indicate whether the statement is true or false
This blends art and science to help explain and chart the most effective and efficient use of scarce resources.
a. finance b. budgeting c. economics d. accounting e. none of these
Under the assumptions of time series regression, which of the following statements will be true of the following model: yt= 
0+ 1dt + ut?
A. d can have a lagged effect on y. B. ut can be correlated with past and future values of d. C. Changes in the error term cannot cause future changes in d. D. Changes in d cannot cause changes in y at the same point of time.
Does a perfectly competitive producer have any incentive to undercut the current market price? Explain your answer
What will be an ideal response?