The fact that a society's production possibilities curve is bowed out from the origin of a graph demonstrates the law of:
A) increasing opportunity cost.
B) decreasing opportunity cost.
C) constant opportunity cost.
D) convex opportunity cost.
Ans: A) increasing opportunity cost.
Economics
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Which of the following best describes chattel slavery?
(a) It provided protected property rights to the slaves. (b) It offered property rights to the slave owners. (c) It involved the establishment of a voluntary contract between slave and slave owner. (d) It created wealth for the slave and slave owner.
Economics
The portion of corporation profits received by shareholders is termed
a. stocks b. bonds c. dividends d. interest e. principal
Economics