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
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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