An ice cream cone costs 1.50. A can of soda costs 0.75. The ...

[jman1234]

An ice cream cone costs 1.50. A can of soda costs 0.75. The relative price of an ice cream cone is
 
  A) 1/2 can of soda per ice cream cone, the opportunity cost of an ice cream cone.
  B) 1.50, the opportunity cost of a can of soda.
  C) 2 cans of soda per soda, the opportunity cost of an ice cream cone.
  D) 0.75, the opportunity cost of a can of soda.

Question 2

The price of a DVD rental is 2.50 and the price of a downloaded movie is 1.00. If the price of a DVD rental falls by 0.50, the relative price a downloaded movie
 
  A) rises.
  B) falls.
  C) does not change.
  D) might change but more information is needed.

Question 3

The idea that a government budget deficit decreases investment is called
 
  A) government dissaving.
  B) the crowding-out effect.
  C) the Ricardo-Barro effect.
  D) the capital investment effect.

[pikon]

Answer to Question 1

This is great. Thanks

Answer to Question 2

Boom Correct answer

Answer to Question 3

B