Microeconomics

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Table 2-16One MotorcycleOne GuitarIreland10 hours2.5 hoursScotland9 hours2 hoursRefer to Table 2-16. ... Started by geodog55	3 Replies 126 Views	Oct 5, 2019 by jjorrostieta
Table 2-12Digital CameraWheat (bushels)China100 hours5 hoursSouth Korea90 hours3 hoursRefer to Table ... Started by jasdeep_brar	1 Replies 113 Views	Oct 5, 2019 by soda0602
Suppose in the Germany, the opportunity cost of producing a gallon of beer is 5 gallons of wine. In ... Started by bobbysung	3 Replies 78 Views	Oct 5, 2019 by mochi09
For a person to have a comparative advantage in producing a product, she must be able to produce ... Started by sabina	1 Replies 59 Views	Oct 5, 2019 by joechoochoy
Table 2-7FredBarneyPogo Sticks2428Unicycles814Table 2-7 shows the output per month of two people, ... Started by rlane42	3 Replies 39 Views	Oct 5, 2019 by xMRAZ
Table 2-6SerenaHaleyBracelets89Necklaces1612Table 2-6 shows the output per week of two jewelers, ... Started by Bob-Dole	1 Replies 50 Views	Oct 5, 2019 by juwms
An increase in the unemployment rate may be represented as a movement from a point on the production ... Started by dakota nelson	3 Replies 76 Views	Oct 5, 2019 by Meganchabluk
If additional units of a good could be produced at a constant opportunity cost, the ... Started by tiara099	1 Replies 57 Views	Oct 5, 2019 by ultraflyy23
Any output combination outside a production possibilities frontier is associated with unused or ... Started by lidoalex	3 Replies 63 Views	Oct 5, 2019 by ambernicolefink
If a country is producing efficiently and is on the production possibilities frontier, the only way ... Started by biggirl4568	1 Replies 98 Views	Oct 5, 2019 by mathjasmine
In a report made to the U.S. Congress in 2001, the National Academy of Sciences cautioned that if ... Started by rachel9	3 Replies 72 Views	Oct 5, 2019 by Madisongo23
According to the production possibilities model, if more resources are allocated to the production ... Started by azncindy619	1 Replies 41 Views	Oct 5, 2019 by momolu
What is a firm? What other terms do economists use interchangeably with the term "firm"? Started by vicky	3 Replies 60 Views	Oct 5, 2019 by Jmfn03
List the five main factors of production. Started by ghost!	1 Replies 40 Views	Oct 5, 2019 by karmakat49
In the market for factors of production, firms earn income by selling goods and services to households. Started by kshipps	3 Replies 65 Views	Oct 5, 2019 by raili21
The development of a new good or a new process for making a good is called Started by itsmyluck	1 Replies 72 Views	Oct 5, 2019 by epscape
Which of the following are primarily macroeconomic topics and which are primarily microeconomic ... Started by jayhills49	3 Replies 56 Views	Oct 5, 2019 by ciecieme
Which of the following are positive economic statements and which are normative economic ... Started by lidoalex	1 Replies 73 Views	Oct 5, 2019 by ryrychapman11
All of the following are part of an economic model except Started by SAVANNAHHOOPER23	3 Replies 34 Views	Oct 5, 2019 by reversalruiz
A college must decide if it wants to offer more Internet-based classes. This decision involves ... Started by Alainaaa8	1 Replies 35 Views	Oct 5, 2019 by ApricotDream
When voluntary exchange takes place, both parties gain from the exchange. Started by Mollykgkg	3 Replies 57 Views	Oct 5, 2019 by TheNamesImani
Article SummaryRecent studies about wealth inequality and income inequality indicate that the ... Started by jwb375	1 Replies 60 Views	Oct 5, 2019 by Meganchabluk
The town of Harmonia gives away all 500 tickets to its annual Founder's Day Free Concert-in-the-Park ... Started by Hungry!	3 Replies 32 Views	Oct 5, 2019 by janeli1
Which of the following correctly describes the relationship between economic efficiency and economic equity? Started by c0205847	1 Replies 40 Views	Oct 5, 2019 by Sweetkitty24130
Explain the economic idea that "people respond to incentives." Started by rlane42	3 Replies 28 Views	Oct 5, 2019 by cupcake16