Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point B to Point A is
A. -2/3.
B. -3/4.
C. -1.5.
D. -20.
Answer: A
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Brazil's export record in 1999 illustrated the principle that
A) a large country will tend to have few exports. B) a small country will tend to have a high export ratio. C) protectionist policies tend to discourage exports. D) export-promoting policies do not tend to work. E) import substitution policies helped the Brazilian economy.
Every government's set of policies used to govern their economy:
A. vary widely from one another, making international trade a simple process. B. vary widely from one another, making international trade sometimes difficult. C. are largely the same, making international trade a simple process. D. are similar in most respects, but different in a few areas, making international trade sometimes difficult.
Carbon footprints can be calculated for
a. households b. products c. individuals d. all of the above e. none of the above
One reason economists began to look at more effective coordination mechanisms is that they began to:
A. focus more on the assumption that people are rational. B. focus more on people's predictably irrational behavior. C. rely more heavily on deductive reasoning. D. use advanced calculus in their models.