Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point B to Point A is
A. -2/3.
B. -3/4.
C. -1.5.
D. -20.
Answer: A
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Which of the following is part of the cost of income transfers?
A) Tax-collecting agencies cost money to administer. B) Taxing incomes encourages people to work harder. C) Income transfers make the results more unfair. D) Income transfers increase the size of the economic pie. E) Income transfers are a similar to allocating resources using a lottery.
A put option is said to be "in the money" if
A) it is written on a Treasury bill or other money-market asset. B) it has increased in price since it was first written. C) the price of the underlying asset is currently less than the strike price. D) the price of the underlying asset is currently less than the strike price plus the option premium.
Refer to the data. The marginal revenue obtained from selling the third unit of output is:
A. $6.
B. $1.
C. $2.
D. $5.
When consumers decide to increase household debt, this action will:
A. Shift the consumption schedule upward B. Shift the consumption schedule downward C. Increase the amount consumed along a stable consumption schedule D. Decrease the amount consumed along a stable consumption schedule