The USDA threshold income level was originally based on the cost of
A) housing.
B) transportation.
C) basic clothing.
D) a nutritionally adequate food plan.
D
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Refer to Figure 15-12. Assume the firm maximizes its profits. What is the amount of consumer surplus?
A) $21 B) $124 C) $186 D) $332
In a large open economy ________
A) the effect of shifts in saving and investment on the trade balance are in the same direction as in a closed economy B) the effect of shifts in saving and investment on net capital flows are in the same direction as in a closed economy C) the effect of shifts in saving and investment on the domestic real interest rate and the actual levels of saving and investment are in the same direction as in a closed economy D) all of the above E) none of the above
When an economy's resources are not fully employed, then it must be true that the:
a. production point is located outside and to the right of the production possibilities curve. b. production point is located along the production possibilities curve. c. production point is located inside and to the left of the production possibilities curve. d. production possibilities curve shifts to the right. e. production possibilities curve shifts to the left.
Using Figure 1.5 above, you can tell that 
A. there is increasing opportunity cost. B. the technology does not exist to produce 4 units of soda and 1 unit of pizza. C. there is unemployment. D. the technology does not exist to produce 3 units of soda and 3 units of pizza.