What is the difference in price when MC1 shifts to MC2?
A. $5
B. $8
C. There is no difference.
D. $20
C. There is no difference.
Economics
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Refer to Figure 2-6. If the economy is currently producing at point E, what is the opportunity cost of moving to point D?
A) 26 thousand forks B) 0 spoons C) 16 thousand spoons D) 20 thousand forks
Economics
Importing a foreign good increases the __________ the foreign currency and increases the __________ the currency of the importing country in the foreign exchange market
A) demand for; demand for B) demand for; supply of C) supply of; demand for D) supply of; supply of
Economics