Test Bank for The Micro Economy Today, 16th Edition by Bradley Schiller
24 views 0 purchase
Course
Microeconomics
Institution
Microeconomics
Test Bank for The Micro Economy Today 16e 16th Edition by Bradley Schiller, Karen Gebhardt. ISBN-13: 3416
Full Chapters test bank included
PART 1: THE ECONOMIC CHALLENGE
CHAPTER 1: ECONOMICS: THE CORE ISSUES
Appendix: Using Graphs
CHAPTER 2: THE U.S. ECONOMY: A GLOBAL VIEW
CHAPTER 3: ...
Chap 01 16e Micro
1) Explain why an economist would say, "There is no such thing as a free lunch."
2) What is the opportunity cost of you attending class on a particular day? Explain your answer.
3) How does the slope of a production possibilities curve reflect opportunity costs?
4) Describe the shape of the typical production possibilities curve and explain why it has this
shape.
5) Why do opportunity costs increase as society produces more of a good?
Version 1 1
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Tutor247. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $29.49. You're not tied to anything after your purchase.