Opportunity cost can best be defined as the
A. money cost of a good or service.
B. money cost plus interest on money borrowed to buy a good or service.
C. cost of the resources used to produce a good or service.
D. value of the best alternative forgone when the alternative at hand is chosen.
Answer: D
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Beta measures the relative risk of a company's stock relative to overall risk in the stock market
Indicate whether the statement is true or false
Wendy retails motor homes, which she buys for a sum that does not vary with the number she purchases from the manufacturer. She can sell 11 per week at $40,000. If she limits sales to 10, she can charge $41,000 each. She will sell 11 per week if the cost of each vehicle is no more than
A. $20,000. B. $30,000. C. $40,000. D. $41,000.
The money supply increases when the Fed
a. lowers the discount rate. The increase will be larger the smaller the reserve ratio is. b. lowers the discount rate. The increase will be larger the larger the reserve ratio is. c. raises the discount rate. The increase will be larger the smaller the reserve ratio is. d. raises the discount rate. The increase will be larger the larger the reserve ratio is.
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C