Refer to the information provided in Figure 6.2 below to answer the question(s) that follow.
Figure 6.2Refer to Figure 6.2. Mr. Lingle's budget constraint is AC. Point E is
A. not in Mr. Lingle's opportunity set but is on his budget constraint.
B. an available option and Mr. Lingle does not spend all of his income.
C. an available option and Mr. Lingle exactly spends all of his income.
D. not available because it represents a combination of gardenburgers and beer that Mr. Lingle cannot purchase with his current income.
Answer: B
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Under a system of fixed exchange rates, what happens if a country's currency is undervalued?
A) The central bank loses official reserve assets. B) The central bank gains official reserve assets. C) The currency depreciates. D) The exchange rate falls.
Mercosur is a trade agreement between nations
A) in Southeast Asia. B) in South America. C) in South Africa. D) in Southern Europe.
In the early antebellum period, New England women's wages were about 1/3 of men's wages. By 1860, New England women's wages were
a. about ¼ of men's wages. b. about ½ of men's wages. c. more than men's wages. d. about equal to men's wages.
Of the two software options, complicated software, now costing $15.5 million with a probability of success at 50%, and the simplified software, with a probability of a success at 65%, which one would the firm choose to develop if it can develop only one?
a. The simple voice-activated software b. The complicated thought-activated software c. Neither of the software d. Need more information