This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The term opportunity cost points out that A) there may be such a thing as a free lunch. B) not ... (Read 67 times)

FButt

  • Hero Member
  • *****
  • Posts: 519
on: Jun 29, 2018
The term opportunity cost points out that
 
  A) there may be such a thing as a free lunch.
  B) not all individuals will make the most of life's opportunities because some will fail to achieve their goals.
  C) executives do not always recognize opportunities for profit as quickly as they should.
  D) any decision regarding the use of a resource involves a costly choice.

Question 2

According to the intertemporal substitution effect, a fall in the price level will
 
  A) decrease the real value of wealth, which increases the quantity of real GDP demanded.
  B) cause the interest rate to fall so that investment increases and the quantity of real GDP demanded increases.
  C) increase net exports, which causes the quantity of real GDP demanded to increase.
  D) increase the real value of wealth, which raises the interest rate so that the quantity of real GDP demanded decreases.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kilada

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


FButt

  • Member
  • Posts: 519
Reply 2 on: Jun 29, 2018
Gracias!

olderstudent

  • Member
  • Posts: 339
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

The 18 tender points of fibromyalgia The 18 tender points of fibromyalgia
Mitosis + Check Points 5 of 5 Mitosis + Check Points 5 of 5
Herbert Spencer (1820–1903), sometimes called the second founder of sociology, coined the term ... Herbert Spencer (1820–1903), sometimes called the second founder of sociology, coined the term ...
For millions of people, the United States represents a land of opportunity and freedom from ... For millions of people, the United States represents a land of opportunity and freedom from ...
There is no such thing as the African American family, any more than there is the Native American, ... There is no such thing as the African American family, any more than there is the Native American, ...
Human Development (Full Term) Human Development (Full Term)
Video: Pericarditis

For a complete list of videos, visit our video library