Teresa faces prices of $6.00 for a unit of good X and $1.50 for a unit of good Y. At her optimum, Teresa is willing to give up 1 unit of good X for __________ units of good Y

Fill in the blank(s) with correct word


4

Economics

You might also like to view...

Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 

A. D; C B. B; C C. B; A D. D; B

Economics

MFP growth represented by a will be lower than the growth of labor productivity if

A) k > n. B) k < n. C) k = n. D) None of the above. The relative size of k and n do not affect MFP growth.

Economics

If Bill asks for a second helping of pancakes, then his

a. second helping must be free b. marginal utility of the second helping must be negative c. price per helping is too low d. marginal utility of the second helping must be positive e. marginal utility of the second helping must be less than the marginal utility of the first helping

Economics

The primary function of the Export-Import Bank is to assist in

a. guaranteeing markets for U.S. importers. b. financing exports from the United States. c. providing foreign currency to U.S. banking institutions. d. reducing tariff rates between trading nations.

Economics