The opportunity cost of a given investment is the potential earnings forfeited by tying up money in the investment
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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In the short run, an increase in the money supply causes interest rates to
a. increase, and aggregate demand to shift right. b. increase, and aggregate demand to shift left. c. decrease, and aggregate demand to shift right. d. decrease, and aggregate demand to shift left.
Economics
Figure 34-4
?
In Figure 34-4, the opportunity cost of a unit of wheat in terms of cotton is
A. 1 for the United States and 5 for Egypt. B. 20 for the United States and 2 for Egypt. C. 1 for the United States and 2 for Egypt. D. 20 for the United States and 10 for Egypt.
Economics