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U.S. TREASURY NOTE: One kind of government security issued by the U. S. Treasury to obtain the funds used to finance the federal budget deficit. A Treasury note (or T-note) has a maturity length of between one and 10 years.
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Lesson 4: Production Possibilities | Unit 2: The Schedule
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Page: 7 of 24
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Opportunity cost is greater as we produce more calibrators. Why?- The law of increasing opportunity cost which says that the opportunity cost of producing a good increases as more and more of the good is produced.
- Third rule of inequality. All resources are not equally suited to produce all goods.
- First calibrator (A to B) uses resources best suited for calibrators and least suited for shoes.
- Tenth calibrator (J to K) uses resources least suited for calibrators and best suited for shoes.
- As more of a good is produced and supplied, opportunity cost increases.
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ELASTICITY AND DEMAND SLOPE The slope of a straight-line demand curve, one with a constant slope, has constantly changing elasticity. It includes all five elasticity alternatives--perfectly elastic, relatively elastic, unit elastic, relatively inelastic, and perfectly inelastic. No two points on a straight-line demand curve have the same elasticity.
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BLUE PLACIDOLA
[What's This?]
Today, you are likely to spend a great deal of time searching for a specialty store wanting to buy either a weathervane with a chicken on top or a flower arrangement with daisies and carnations for your uncle. Be on the lookout for defective microphones.
Your Complete Scope
This isn't me! What am I?
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The 1909 Lincoln penny was the first U.S. coin with the likeness of a U.S. President.
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"Laughter is the shortest distance between two people. " -- Victor Borge, musician, humorist
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CAF
Cost and Freight
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