In an open economy, the price of a bike is ________.

A. $140
B. $20
C. $40
D. $100

Answer: A

Economics

You might also like to view...

One of the solutions to the adverse selection problem in insurance is

a. Is to require that only the high risk individuals to buy insurance b. Is to require that only the low risk individuals buy insurance c. Is to require everyone to buy insurance d. Is to completely ban insurance companies

Economics

If tofu is a normal good, an increase in income will

a. decrease the price of tofu b. decrease the production of tofu c. shift the demand curve for tofu to the left d. shift the demand curve for tofu to the right e. decrease the quantity demanded of tofu

Economics