Refer to Figure 18.3. The opportunity cost of producing pogo ...

[WWatsford]

Refer to Figure 18.3. The opportunity cost of producing pogo sticks in Livonia is
 
  A) 2/3 of a scooter. B) 4/5 of a scooter. C) 6/5 scooters. D) 1.25 scooters.

Question 2

Which action could the Fed use to decrease the money supply?
 
  A) a tax increase B) a decrease in the discount rate
  C) an increase in the required reserve ratio D) an open market purchase

[Sophiapenny]

Answer to Question 1

B

Answer to Question 2

C