Figure 1A.1Refer to Figure 1A.1. The slope of the line between the points where income equals 50 and income equals 200 is:
A. 0.2.
B. 5.
C. 10.
D. 50.
Answer: B
You might also like to view...
If the indifference curves between two goods are L-shaped, the goods are
A) complementary goods. B) substitute goods. C) normal goods. D) inferior goods.
The simultaneous export and import of airplanes by the United States is an example of
A) increasing returns to scale. B) imperfect competition. C) intraindustry trade. D) interindustry trade.
When regulatory requirements make it costly and complex to open a business,
What will be an ideal response?
The consensus among researchers is that union workers earn 15 percent more than otherwise identical nonunion workers. This means unions have probably raised wages
A. exactly 15 percent. B. less than 15 percent. C. at least 15 percent. D. more or less than 15 percent, but one cannot tell exactly.