Refer to Figure 2-5. If the economy is currently producing at point Y, what is the opportunity cost of moving to point X?
A) 5 million tons of paper B) 19 million tons of steel
C) 9 million tons of paper D) 5 million tons of steel
A
Economics
You might also like to view...
Which of the following is included in M0, but not in M1?
A) demand deposits B) deposits of depository institutions at the Federal Reserve C) currency held by the U.S. public D) U.S. currency held by foreigners
Economics
____ is the income actually available to the consumers that determines aggregate demand.
A. Nominal income B. Net domestic product C. Income corrected for depreciation D. Disposable income
Economics