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Jade has a weekly budget of $24, which she likes to spend on magazines and pies. If the price of a magazine is $4 each, and the price of a pie is $12 each, what is Jade’s opportunity cost of purchasing a pie?   The opportunity cost of one pie is _________________ magazines.

If the money multiplier is 4, the required reserve ratio is

Brad details cars and Angelina babysits. Angelina agrees to babysit for Brad’s kids if he details her minivan. This is an example of

Which of these is an example of non-spatial data?

If an economy is fully utilizing its resources, it can produce more of one product only if it

In the year after Covid, supply chain interruptions raised the cost of producing the computer chips which are used in manufacturing automobiles. As a consequence, the price of an automobile ____ and the quantity ____.

If the price of a good is exactly equal to the maximum price a buyer will pay, then the buyer will not buy the good. receive the maximum consumer surplus. receive no marginal benefit from that unit of the good. receive no consumer surplus from that unit of the good.

If increases in government regulations have increased the cost of producing gasoline-powered lawnmowers, you accurately predict that in the market for gasoline-powered lawnmowers, there will be a(n)

Which of the following is/are correct? There is a deadweight loss if less than the allocatively efficient quantity of a product is produced. There is a deadweight loss if more than the allocatively efficient quantity of a product is produced.

Suppose people determine that eating potato chips is healthier than they had previously thought. Consequently, the price of potato chips ____ and the quantity ____.