There Are Two Explanations of Constant Opportunity Costs: (1) Factors

question 149

True/False

There are two explanations of constant opportunity costs: (1) factors of production are imperfect substitutes for each other; (2) all units of a given factor have different qualities.

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New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s.

John Maynard Keynes

A British economist whose theories on the causes of prolonged unemployment and recommendations for government intervention in economies to stimulate demand and avoid economic depressions have had a profound influence on modern economic and political theory.

Civil Penalty

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Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulation of banks, and stability of the financial system.