The above table shows production points on Sweet-Tooth Land's production possibilities frontier. Which of the following statements is TRUE?
A) Producing 0 chocolate bars and 100 cans of cola is both attainable and efficient.
B) Producing 20 chocolate bars and 80 cans of cola is attainable, but inefficient.
C) Producing 30 chocolate bars and 38 cans of cola is only attainable with an increase in technology.
D) Producing 40 chocolate bars and 0 cans of cola is unattainable and inefficient.
A
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Shifts of the ________ curves result from autonomous monetary policy
A) MP, IS, & AD B) MP & IS, but not AD C) IS & AD, but not MP D) MP, but not IS nor AD E) none of the above
According to the graph shown, the amount of consumer surplus domestic consumers enjoy once a tariff has been imposed is:
This graph demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.
A. A
B. ABC
C. ABCDEFG
D. ABCDEFGHIJKL
Which of the following would be studied by a macroeconomist rather than a microeconomist?
A. shipping rates B. price of corporate stock C. market price of Japanese cars D. unemployment rate in the nation
When the demand curve is a downward sloping straight line, the slope of the marginal revenue curve is
A. the same as the slope of the demand curve. B. always equal to one. C. half as steep as the demand curve. D. twice as steep as the demand curve.