Consider the above figure. At income level Yd = $110, the APS is equal to
A. 0.64.
B. -0.36.
C. 1.10.
D. 0.32
Answer: D
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Refer to the figure below. If Cory chooses A, then Jess's best response is: 
A. to choose A. B. to choose the cell in which Jess's payoff is 10. C. non-existent. D. to choose B.
Jane produces only corn, measured in tons, and cloth, measured in bolts. For her, the opportunity cost of one more ton of corn is
A) the same as the opportunity cost of one more bolt of cloth. B) the inverse of the opportunity cost of one more bolt of cloth. C) the ratio of all the bolts of cloth she produces to all the tons of corn she produces. D) the ratio of all the tons of corn she produces to all the bolts of cloth she produces.
Economic theory can predict or explain behavior
A) in the private but not in the public or government sector of society. B) most successfully in areas where behavior is largely guided by foresight and planning. C) only when behavior aims at maximizing net monetary revenue. D) when people behave selfishly rather than in the public interest.
If the number of unemployed workers is 200 million, and the number in the labor force is 500 million, what is the unemployment rate?
A) 0.4% B) 4% C) 14% D) 40%