Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point A to Point E, the opportunity cost of motorcycles, measured in terms of hybrid cars
A. remains constant.
B. decreases.
C. initially increases, then decreases.
D. increases.
Answer: D
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Use the following table to answer the next question. The base year is 2007. Hot DogsBaseballsBottles of SodaYearPriceQuantityPriceQuantityPriceQuantity2005$2.00100$5.0050$2.0010020064.001005.001002.0015020076.001005.001002.0020020088.001508.002004.00200200910.0020010.002004.00250Real GDP (constant dollars) for 2005 equals ________.
A. $1500 B. $1050 C. $650 D. $100
The people in an economy have $10 million in money. There is only one bank that all the people deposit their money in and it holds 5% of the deposits as reserves. What is the money multiplier in this economy?
a. 5 b. 1 c. 20 d. 10
In 2010, the real GDP and population of Zincona were $200 million and 5 million, respectively. If the number of farmers in the economy was 0.001 million and the number of government employees was 0.01 million, then Zincona's real GDP per worker was _____ in 2010
a. $40.2 b. $50 c. $30.8 d. $60
Referring to Figure 1.5, the opportunity cost of producing the second unit of pizza is
A. one unit of soda. B. six units of soda. C. three units of soda.