Figure 34-6
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From the graph in Figure 34-6, the opportunity cost of a unit of bananas is
A. 4 units of corn for England and 1/2 unit of corn for Honduras.
B. 1/4 unit of corn for England and 2 units of bananas in England.
C. 8 units of corn in England and 3 units of corn in Honduras.
D. 4 units of corn in England and 12 units of corn in Honduras.
Answer: A
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Refer to Figure 5-3. The size of marginal external benefits can be determined by
A) D2 + D1 at each output level B) the demand curve D2. C) D2 - D1 at each output level. D) the demand curve D1.
As the interest rate decreases, the quantity of money people will hold:
a. decreases. b. increases. c. stays the same. d. rises and then falls. e. falls and then rises.
An increase in U.S. imports from Mexico ________ the supply of dollars and ________ the demand for pesos.
A. decreases; increases B. increases; decreases C. increases; increases D. decreases; decreases
If a demand curve shifts, we know that
A) the price of the good itself is not a factor. B) the price of the good itself is a factor. C) the price of the good and supply are the major factors. D) the price of the good and demand are major factors.