Refer to Figure 2-13. What is the opportunity cost of producing 1 ton of pineapples in Costa Rica?
A) 3/8 of a ton of coconuts B) 2/3 of a ton of coconuts
C) 1 1/2 tons of coconuts D) 100 tons of coconuts
C
Economics
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A factory closes, laying off hundreds of workers, and consumer spending in the town falls. What factor is affecting demand?
a. consumer expectation b. consumer taste c. income d. substitutes
Economics
If a developing country institutes a currency board, it relinquishes control over having
A) monetary policy autonomy. B) exchange rate stability. C) freedom of capital movement. D) freedom of labor movement. E) all of its funds.
Economics