The data in the tables below suggest that production in:
Autos and chemicals are in million of units in the following production possibilities tables:
A. Germany is subject to increasing opportunity costs and the United States to constant opportunity costs
B. The United States is subject to increasing opportunity costs and Germany to constant opportunity costs
C. Both Germany and the United States are subject to constant opportunity costs
D. Both Germany and the United States are subject to increasing opportunity costs
C. Both Germany and the United States are subject to constant opportunity costs
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Refer to Scenario 15.4. The net present value of the purchase is
A) $200 × 10 - $800. B) $200/1.06 - $800. C) $200/1.0610 - $800. D) $200 × (1 + 1/1.06 + 1/1.062 + ... + 1/1.069 ) - $800. E) $200 / (1 + 1/1.06 + 1/1.062 + ... + 1/1.069 ) - $800.
The consumer price index tries to gauge how much incomes must rise to maintain
a. an increasing standard of living. b. a constant standard of living. c. a decreasing standard of living. d. the highest standard of living possible.