If a market system is functioning well, we can conclude that goods with
a. high opportunity costs tend to have high money costs.
b. low opportunity costs tend to have high money costs.
c. high opportunity costs tend to have low money costs.
d. low opportunity costs tend to have zero money costs.
e. high opportunity costs tend to have zero money costs.
a
Economics
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When the European System of Central Banks uses long-term refinancing operations, it is similar to the Federal Reserve using
A) dynamic open market operations. B) defensive open market operations. C) discount policy. D) reserve requirements.
Economics
Suppose TC = 10 + (0.1 ? q2). If p = 10, the firm's profit maximizing level of output is
A) 40. B) 50. C) 60. D) 0, since the firm will shut down.
Economics