Sally is allocating her budget between two goods, A and B. If Sally has used up the budget on a combination of A and B for which MUA/PA exceeds MUB/PB, she can increase total utility by buying
a. more A and less B
b. more B and less A
c. more A without changing her consumption of B
d. less B without changing her consumption of A
e. more B and more A
A
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When deriving the production possibilities curve, it is assumed that
A) the amount of each good that is to be produced is fixed. B) the prices of resources are fixed along the curve. C) most resources can be used to produce only one good. D) resources are efficiently used.
For the most part, trade between many countries:
A. is entirely unregulated or free. B. is regulated or restricted in some way. C. is free, with the notable exception of China. D. causes the well-being of some nations to win and others to lose.
Explain briefly why U.S. Steel prefers to own its mines, enrichment facilities, and ore carriers
All else equal, which of the following would increase the unemployment rate? (i) an increase in the number of women who return to work after being stay-at-home mothers (ii) a preference among older men to retire early (iii) an increase in the maximum number of weeks for which someone can receive government unemployment benefits (iv) an increase in the number of previously unemployed women who
stop looking for work and become discouraged workers a. (i) and (ii) only b. (iii) only c. (ii) and (iii) only d. (ii), (iii), and (iv) only