Use the following table to answer the question below. Giovanni's Production Possibilities ScheduleJorge's Production Possibilities SchedulePounds of Green BeansPounds of CornPounds of Green BeansPounds of Corn0160032040120202408080401601204060801600800The terms of trade for 1 pound of green beans must lie between ________ and ________ pounds of corn.
A. 1/4, 6
B. 1, 6
C. 1/4, 1
D. 1, 4
Answer: D
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Hospital spending in the United States
A. still accounts for the largest share of healthcare spending. B. has risen as a share of the total since 2000. C. is about six times as large as total nursing care and retirement facility expenditures. (D.) All of the above
The Social Security tax is
A. direct and progressive. B. direct and regressive. C. indirect and progressive. D. indirect and regressive.
If a country wants to keep its exchange rate fixed, it must
A) allow its currency value to vary with market supply and demand in foreign exchange markets. B) be a member of the IMF. C) vary the amount of its national currency supplied at any given exchange rate in foreign exchange markets when necessary. D) eliminate its foreign exchange reserves.
Mary buys cell-phone services from a company that charges $30 per month. For that $30 she is allowed 600 minutes of free calls and then pays 10 cents per minute for any calls above 600 minutes. Mary has used 600 minutes this month so far. What is her marginal cost per minute of making additional calls?
A. 10 cents B. 25 cents C. $0 D. 5 cents