Refer to Table 2-6. What is Lucy's opportunity cost of making a tricycle?
A) 3/4 of a wagon B) 2 tricycles C) 3 wagons D) 1 1/3 tricycles
A
Economics
You might also like to view...
What is the basic motive for asset trade?
A) the belief that large risks will lead to large returns B) restoration of the balance of payments C) portfolio unification D) economic stability E) increase expected returns and reduced risk
Economics
The most popular floating rate in swaps is
A) LIBOR. B) the Treasury note rate. C) the prime rate. D) the six-month Treasury bill rate.
Economics