The table above shows a nation's production possibilities frontier. If the nation chooses to increase the production of robots from 2 to 3 and it is on its PPF, it will have to forgo ________ pizzas
A) 34
B) 35.5
C) 3
D) 37
E) None of the above answers is correct.
C
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Suppose that utility-maximizing consumers in San Francisco pay three times as much for apples as for peaches. What is the ratio of the marginal utility of apples to the marginal utility of peaches?
A. 1/3 B. 3 C. 2/3 D. none of the above E. cannot determine without further information
From 1975 to 1995, the value of the dollar in terms of yen fell from over 300 yen per dollar to about 100 yen per dollar. Considering the impact of this alone, this would likely:
A. make the U.S. AD curve steeper. B. shift the U.S. AD curve to the left. C. shift the U.S. AD curve to the right. D. make the U.S. AD curve flatter.
If you own a share of stock in a company and the risk associated with its business falls, you would expect
A. a capital gain. B. a higher dividend. C. a capital loss. D. a bubble.
A sharp rise in the real value of stock prices, which is independent of a change in the price level, would best be an example of:
A. The interest-rate effect B. The real-balances effect C. A change in the degree of excess capacity D. A change in real value of consumer wealth