Refer to Scenario 12.1. What is the probability of either Simon, Paula, or both of them trying to rescue the man?
A) 9%
B) 49%
C) 70%
D) 91%
D
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Fluctuations in the current account balance are mainly the result of fluctuations in
A) net interest. B) net exports. C) foreign reserves. D) net transfers. E) imports of capital.
The marginal rate of substitution is the
a. quantity of a good a consumer receives for $1 payment b. income a consumer gives up to acquire one unit of the good c. ratio of the prices of two goods d. rate at which the consumer is willing to trade one good for another good e. relative quantity of a good that two consumers trade
Between 1940 and 2000, income per person in China
A) doubled. B) tripled. C) quadrupled. D) decreased by 5 percent.
A consumer buys food (F) and shelter (S). If the consumer's income rises and there is no change in the prices of F or S, the marginal rate of transformation of F for S will
A) increase. B) decrease. C) stay the same. D) change, but there is not enough information to know how.