In economics the value of what a producer or consumer is willing to give up in order to produce or buy something else is called

a) A factor of production

b) Productivity

c) A trade-off

d) An opportunity cost

What is the appropriate fiscal policy when an economy goes into recession?

Consider the following methods of pollution reduction; a. the government sets a target for maximum emissions b. the government mandates the installation of specific pollution abatement equipment c.

Cullumber Company purchases land for $185000 cash. Cullumber assumes $5200 in property taxes due on the land. The title and attorney fees totaled $3100. Cullumber has the land graded for $4100. They paid $25000 for paving of a parking lot.

Jana buys a dress for $25.98 and a blouse for $14.99. The total sales tax is $2.46. a. What is the total cost of her purchase? b.

Bob is willing to pay $65 for a new pair of shoes. bill is willing to pay $50 for the same shoes. the shoes have a price of $45. what is the total consumer surplus for bob and bill

For each of the following shocks, say whether it is a demand-side shock or a supply-side shock. a. Consumer confidence falls: (Click to select) b. Government spending increases: (Click to select) c.

You have just deposited $11,000 into an account that promises to pay you an annual interest rate of 6.5 percent each year for the next 6 years.

During May, Bergan Company accumulated 2,500 hours of direct labor costs on Job 200 and 3,000 hours on Job 305. The total direct labor was incurred at a rate of $28 per direct labor hour for Job 200 and $24 per direct labor hour for Job 305.

A share of stock currently sells for $60, pays an annual dividend of $4.00, and earned a rate of return of 20% over the past year. What did this stock sell for one year ago?

Rachel wants to buy a house, fix it up, and rent it out. she cannot afford to do it on her own, so she and some friends from her book club agree to pool their money for the project. their arrangement could be known as a joint venture or as a