Use the following to answer question:
-(Table: Production Possibilities Schedule I) Use Table: Production Possibilities Schedule I.The opportunity cost of producing the fourth unit of consumer goods is _____ units of capital goods.
A) 2
B) 4
C) 6
D) 8
Correct Answer:
Verified
Q2: In constructing a model,economists:
A)might use a computer
Q3: The production possibility frontier illustrates that:
A)the economy
Q4: When building a model,economists:
A)simplify reality to highlight
Q5: An economic model:
A)is useful for explaining past
Q6: A simplified version of reality that is
Q7: The financial meltdown of 2008-2009:
A)was accurately predicted
Q8: A simplified representation that is used to
Q9: The models used in economics:
A)are always limited
Q10: Before 2000,the mortgage-backed securities market was relatively
Q11: A mortgage-backed security is an asset that:
A)only
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