Refer to Table 2-5. What is Finland's opportunity cost of producing one board foot of lumber?
A) 0.25 cell phones B) 4 cell phones C) 12 cell phones D) 16 cell phones
A
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Why does our government enforce antitrust legislation?
A) because monopolies are known to be unfair to their stockholders B) because monopolies are known to be unfair to their employees C) because the government wants to create competition in markets in the interests of promoting efficiency D) because the government wants to create competition in markets in the interests of promoting an equal distribution of income
The demand curve for loanable funds is downward sloping because: a. people save more at higher interest rates
b. more investments are profitable at low interest rates than at high interest rates. c. future income is more valuable now at higher interest rates than at lower interest rates. d. usury laws increase the quantity of funds demanded at low interest rates but do not affect the quantity of funds demanded at high interest rates.