The following graph is the production possibility curve for a three-person economy, with workers Janna, Drew, and Karl.
The slope of the PPC between points Y and Z is determined by ________ opportunity cost.
A. Kari's
B. Janna and Drew's
C. Drew's
D. Janna's
Answer: A
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Describe the effects of the reunification of eastern and western Germany in 1990 on both Germany and its neighboring European countries using the AA-DD framework
What will be an ideal response?
An index of the weighted exchange value of the U.S. dollar versus the currencies of a broad group of major U.S. trading partners is called:
A) trade-weighted dollar. B) exchange-weighted dollar. C) dollarization. D) bilateral dollar.
The change in total revenue divided by the change in quantity of labor employed is the
a. marginal physical product of labor b. marginal revenue product of labor c. price of the output d. demand for the output e. wage rate
In the above graph, when disposable income is 1,000, saving is
A. 500.
B. 400.
C. -500.
D. -400.