Which of the following would not be considered a positive addition to household wealth?

A) a credit card balance B) the balance in your checking account
C) 1,000 shares of Microsoft stock D) the equity in one's home

A

Economics

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If a hurricane were to wipe out the majority of the eastern seaboard in the United States, it would likely cause a:

A. short-run supply shock. B. long-run supply shock. C. long-run demand shock. D. short-run demand shock.

Economics

A production possibilities frontier for two outputs is drawn assuming that:

a. opportunity cost is fixed, but the quantity and quality of resources changes. B. both outputs use the same quantity of each resource, but the technology differs. C. the amount of resources currently available for production is fixed. D. the technology available can only be applied to producing one of the outputs.

Economics