If an economy can produce a maximum of 10 units of good X and the opportunity cost of 1X is always 2Y, then what is the maximum units of good Y the economy can produce?
A) 5
B) 200
C) 20
D) 500
E) none of the above
C
Economics
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Wealth is the same as:
A. assets. B. capital gains. C. net worth. D. savings.
Economics
Which of the following statements about medical care costs is true?
A. In the United States, workers are taxed on company-funded medical care expenses. B. In the last decade, medical care costs have risen more slowly than the overall rate of inflation. C. Third-party payers have been able to force large reductions in medical expenses. D. Medical care costs per person have risen faster than income per person.
Economics