Refer to the tables below . For OMICS, the opportunity cost of producing an additional unit of B is:
Two nations, ECON and OMICS, each produce goods A and B. The table gives points on each nation's production possibilities curve.
A. 1/3 unit of A
B. 1/2 unit of A
C. 2/3 unit of A
D. 1 unit of A
A. 1/3 unit of A
Economics
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The key official definition of the money supply is
A) only coins and paper currency in circulation. B) M2. C) only transactions deposits at banks. D) MZM.
Economics
The gold standard dominated exchange rate systems during what period?
A) from 1776 to 1816 B) from 1836 to 1849 C) from 1870 to 1913 D) from 1945 to 1965
Economics