Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year. Country has 100 workers. Suppose a worker in Country B can make either 2 iPods or 10 tablets each year. Country B has 200 workers. A bundle of goods that Country B could potentially make would be:
A. (300 iPods, 450 tablets).
B. (400 iPods, 1 tablet).
C. (200 iPods, 1,500 tablets).
D. (400 iPods, 2,000 tablets).
Answer: A
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An increase in interest rates results in a(n) ________ in the required rate of return to hold stocks and ________ current stock prices.
A. decrease; reduces B. decrease; raises C. increase; reduces D. increase; raises
Which of the following must be true?
a. Savings must equal investment in an open economy. b. Savings must equal investment in a closed economy. c. Savings must equal consumption in an open economy. d. Savings must equal consumption in a closed economy.
The balance of payments is divided into three main sections: ______.
a. the current account, the balance account, and the credit discrepancy. b. the debit account, the credit account, and the net balance account. c. the current account, the financial account, and the statistical discrepancy. d. the import account, the export account, and the foreign asset account.
Based on the graph showing U.S. health care expenditures as a percentage of GDP, during which period did health care expenditures rise the most?
a. 2002 to 2006
b. 2006 to 2009
c. 2009 to 2013
d. 2013 to 2016