Use the figure below to answer the next question. 
Economic growth is best represented by a
A. move from X on AB to Y on CD.
B. move from X to Z along AB.
C. move from Z to X along AB.
D. shift of the production possibilities frontier from CD to AB.
Answer: A
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People are forced to make choices because of
a. unlimited wants and unlimited resources b. limited wants and unlimited resources c. unlimited wants and limited resources d. limited wants and limited resources e. limited resources are greater than unlimited resources
Marginal cost is defined as
A. the rate at which fixed cost changes with output. B. the rate at which total variable cost changes with output. C. total cost minus variable cost. D. the rate at which average cost changes with output.
Figure 17-9
Refer to . The imposition of a tariff on carnations
a.
increases the number of carnations imported by 100.
b.
increases the number of carnations imported by 200.
c.
decreases the number of carnations imported by 200.
d.
decreases the number of carnations imported by 400.
Which of the following have substantially equivalent effects on a nation's volume of exports and imports?
A. Exchange rate appreciation and a decrease in the domestic supply of money. B. Exchange rate appreciation and domestic deflation. C. Exchange rate depreciation and domestic deflation. D. Exchange rate depreciation and domestic inflation.