Refer to Figure 2-8. What is the opportunity cost of one dozen roses?

A) 0.4 dozen orchids B) 2.5 dozen orchids C) 7.25 dozen orchids D) 16 dozen orchids

A

Economics

You might also like to view...

Government works to create a competitive marketplace to help foster competition, yet it also awards patents which prevent competition. Why are both competition and the patent system essential to creating a large economic pie?

What will be an ideal response?

Economics

Suppose the price level in Germany falls, ceteris paribus. This _________________ United States net exports, ultimately shifting the United States AD curve __________________

A) stimulates; rightward B) stimulates; leftward C) depresses; rightward D) depresses; leftward

Economics