Assume Bridget's budget constraint is shown in the graph shown. If she has $48 to spend on these two items, then earrings must cost:
A. $8.
B. $6.
C. $4.
D. $12.
D. $12.
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Which of the following is most likely to cause a leftward shift in the demand curve for the Chinese yuan in exchange of the U.S. dollar?
A) An increase in the demand for U.S. products in China B) A decrease in the demand for Chinese products in the U.S. C) A decrease in the demand for U.S. products in China D) An increase in the demand for Chinese products in the U.S.
Fast Technology sells its computers and monitors separately, but also sells them as a package. This is an example of ________.
A) mixed bundling B) two-part pricing C) an all-or-nothing offer D) pure bundling
Explain the difference between absolute and comparative advantage, giving an example of your answer
Any combination of goods that can be produced with currently available resources is an:
A. inefficient point. B. attainable point. C. efficient point. D. attainable and efficient point.