Refer to Table 9-12. Prior to trade, what was the opportunity cost to produce 1 sword in Estonia?
A) 1/3 of a belt B) 3/5 of a belt C) 1.67 belts D) 3 belts
B
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If individuals were paid for their household production, GDP would: a. increase
b. not change, but GNP would increase. c. decrease. d. not change, but GNP would decrease.
The accompanying figure shows Avery's weekly production possibilities curve for scarves. 
Avery's PPC would shift outward if she:
A. devotes less time to knitting each week. B. knits fewer red scarves and more blue scarves each week. C. devotes more time to knitting each week. D. knits more red scarves and fewer blue scarves each week.
Table 30.5Output (units)Labor (units)Output (units)Capital (units)101201262562383863Assume that in Table 30.5 the cost of labor is $4 per unit and the cost of capital is $6 per unit. In Table 30.5, what is the cost efficiency of the second unit of labor?
A. 64 units per $1 of cost. B. 26 units per $1 of cost. C. 4 units per $1 of cost. D. 16 units per $1 of cost.
Assume a round of golf requires four hours of leisure time, and attending a concert requires two hours. If the price of a round of golf is $40 and the price of a concert is $80, characteristics, Joe will play:
A. Golf but not attend concerts, since golf is cheaper B. Golf twice as often as he attends concerts C. Less golf whenever he receives a large raise D. Relatively less golf and attend relatively more concerts whenever his leisure time becomes more scarce