Using Figure 1.4, you can tell that 
A. there is unemployment.
B. there is constant opportunity cost.
C. the technology does not exist to produce 9 units of soda and 3 units of pizza.
D. the technology does not exist to produce 6 units of soda and 2 units of pizza.
Answer: C
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If the exchange rate rises, the quantity of dollars demanded
A) increases and there is movement down along the demand curve for dollars. B) decreases and there is movement down along the demand curve for dollars. C) decreases and there is movement up along the demand curve for dollars. D) increases and there is movement up along the demand curve for dollars. E) does not change.
Sarita can bake either a combination of 25 cakes and 15 pies or a combination of 10 cakes and 20 pies. If she now bakes 10 cakes and 20 pies, what is the opportunity cost of baking an additional 15 cakes?
A) 5 pies B) 10 pies C) 15 pies D) 20 pies
Incentives are not likely to pose a problem:
A. if the interests of the employees and the employers are perfectly aligned. B. if the interests of the employees and the employers conflict somewhat. C. as long as employers can exploit the employees. D. if the interests of the employees and the employers conflict.
How do banks make profits?