Refer to the information provided in Figure 6.5 below to answer the question(s) that follow.
Figure 6.5Refer to Figure 6.5. Molly's budget constraint is CD. Molly's income is $75, the price of a DVD is $3 and the price of a CD is $5. At point D, she is buying ________ DVDs and ________ CDs.
A. 0; 15
B. 25; 0
C. 50; 30
D. 25; 15
Answer: B
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The marginal utility per dollar that Harold Stratton receives from oranges is greater than the marginal utility per dollar Harold receives from pears. To maximize his utility, what should Harold do?
A) He should buy fewer pears and more oranges. B) He should buy fewer oranges and more pears. C) He should reduce his consumption of both oranges and pears so that he can buy a greater variety of goods. D) He should acquire more income so that he can afford to buy more oranges and pears.
Which of the following men has NOT served as Chairman of the Board of Governors?
A) Milton Friedman B) Arthur Burns C) Paul Volcker D) Alan Greenspan
Some sources of air pollution may tend to cause global cooling
Indicate whether the statement is true or false
According to the graph shown, what does Y on the x-axis stand for?
A. Full employment level of output
B. Current level of GDP
C. Observed level of output
D. Future target goal for output