Posted: July 10th, 2016

The costs of the use of a resource for the production of one good rather than another are?

D. Hardware controls usually are those built into the equipment by the manufacturer. One such control, an echo check, is best described as
1. A component that signals the control unit that an operation has been performed.
2. Two units that provide read-after-write and dual-read capabilities.
3. Double wiring of the CPU and peripheral equipment to prevent malfunctioning.
4. A device that prevents more than one peripheral unit from communicating with the CPU at the same time.
I would said the answer is 1

E. One of the measures economists and economic policy makers use to gauge a nation ‘ s economic growth is to calculate the change in the
1. Real per capita output.
2. Total wages.
3. General price level.
4. Money supply.
The answer is 1

F. The costs of the use of a resource for the production of one good rather than another are
1. Economic costs
2. Fixed costs
3. Historical costs
4. Opportunity costs
I would said the answer is D

G. Carlton Bank has an increase in reserves of $1,000,000. If the reserve ratio is 10%, by what amount may Carlton increase its demand deposits?
1.. $ 100,000
2. $ 900,000
3. $ 1,000,000
4. $ 10,000,000
Answer 4

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