Refer to the graph below. 
Which of the shifts explains what will happen to the production possibility curve if the cost of producing books goes down while the cost of producing DVDs goes up?
A. I
B. II
C. III
D. IV
Answer: D
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What does the takings clause indicate as far as why and how private property can be seized?
What will be an ideal response?
Harry owns a hot dog stand near campus. When a pizza stand opens next to Harry's hot dog stand, he finds that he has to lower the price of his hot dogs in order to attract the same number of customers. Explain why this is the case
Which of the following describes the relationship between interest rates and interest-sensitive goods, such as housing?
a. As interest rates decline, the demand for interest-sensitive goods increases. b. As interest rates decline, the demand for interest-sensitive goods decreases. c. As interest rates increase, the demand for interest-sensitive goods increases, driving prices upward. d. As interest rates increase, the demand for interest-sensitive goods decreases, driving prices upward.
Which of the following will not cause a shift in the medical care supply curve?
a. A change in the percentage of the population with health insurance b. A change in student aid available to promising undergraduate students studying biology c. A change in the cost of medical school tuition d. A change in the number of high-profile medical malpractice lawsuits brought against physicians, increasing the premiums on malpractice insurance e. A wave of union activity that increases the average salaries of nurses nationwide