The above figure shows the production possibility frontier for a country. Suppose the country is producing at point E. What would be the opportunity cost to increase the production of wine to 9 thousand bottles?
A) 12 tons of rice
B) 15 thousand bottles of wine
C) 9 thousand bottles of wine
D) 3 tons of rice
E) Nothing, it is a free lunch.
D
Economics
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This group, consisting of individuals who would like to work but have not looked for work during the past four weeks, is included among
a. discouraged workers. b. the structurally unemployed. c. minimally attractive workers. d. marginally attached workers.
Economics
President Bush lowered income taxes for individuals in 2001. Explain how lower income taxes affect the aggregate demand curve
What will be an ideal response?
Economics