Figure 18.2Refer to Figure 18.2. In autarky, the maximum amount of spears that Macadamia can produce is:
A. 40.
B. 100.
C. 120.
D. 160.
Answer: B
You might also like to view...
In the simple deposit expansion model, an expansion in checkable deposits of $1,000 when the required reserve ratio is equal to 10 percent implies that the Fed
A) sold $1,000 in government bonds. B) sold $100 in government bonds. C) purchased $1000 in government bonds. D) purchased $100 in government bonds.
When considering voting options, if option X beats Y, and Y beats Z, then transitivity says that:
A. Z beats X. B. Y beats X. C. X beats Z. D. Z beats Y.
The economic decisions of central planners often are wrong because they have little understanding of
a. local economic conditions b. bureaucracies c. Karl Marx's theories d. democracy
All of the following shift the consumption function upward EXCEPT
A. an expectation of better economic conditions. B. an increase in wealth. C. a decrease in the rate of interest. D. an increase in income.