Author Question: Refer to Table 5.1. What is Andrea's opportunity cost of producing one bracelet? A) 1/6 of a ... (Read 45 times)

ghost! · **on:** Jun 29, 2018

Refer to Table 5.1. What is Andrea's opportunity cost of producing one bracelet?

A) 1/6 of a tiara
B) 2/3 of a tiara
C) 6 tiaras
D) 7.5 tiaras

Question 2

A hike in the federal funds rate results in ________ in the real interest rate which leads to a ________ in investment.

A) an increase; a decrease
B) a decrease; a decrease
C) a decrease; an increase
D) a decrease; no change
E) an increase; an increase