Related to the Economics in Practice on p. 6: The opportunity cost to Apple of having the hard drive produced in Japan by Toshiba is
A. the wages paid to Japanese workers.
B. the value-added captured by Apple in the United States.
C. the components of the hard drive which are not produced by Toshiba.
D. having the hard drive produced by the next best available company.
Answer: D
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A) decrease; decrease B) increase; increase C) increase; decrease D) decrease; increase
Rent controls can result in
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