The above table shows production combinations on a country's production possibilities frontier. The opportunity cost of increasing the production of Y from 16 to 28 units is ________ units of good X per unit of good Y
A) 12
B) 6
C) 3
D) There is no opportunity cost when moving from one point to another along a production possibilities frontier so none of the above answers is correct.
C
Economics
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One possible reason for Wal-Mart's success is that centralized-decision making provides economies of scale that allow it to aggressively bargain down wholesale prices of standard consumer goods
Indicate whether the statement is true or false
Economics
If the Federal Reserve sells bonds, the required reserve ratio is 0.25 and the money supply decreases by $10,000 . how did the Fed accomplish this change?
a. The Fed sold $10,000 in bonds. b. The Fed sold $7, 500 in bonds. c. The Fed sold $2,500 in bonds. d. The Fed sold $7,518 in bonds. e. The Fed sold $40,000 in bonds.
Economics