Table 9-5     Empanadas Tacos Madison 30 50 Austin 24 32   Madison and Austin own Cafe Ole’. Table 9-5 lists the number of empanadas and tacos Madison and Austin can each make in one hour.   30) Refer to Table 9-5.  Select the statement that accurately interprets the data in the table. A) Madison has an absolute advantage in making tacos and […]

  66) Use the formula for the GDP deflator to explain how it is affected by an increase in prices in the economy. If the value of the deflator equals 100, what does that tell you about that year with respect to the base year?   Table 12-21                                                       2011                                                 2013 Product Quantity Price Quantity Price Hats    200 $20    250 $21 French fries […]

    41.To minimize risks of CVD you would: a.choose more fruits and whole grains. b.stir-fry all of your vegetables. c.consume 1 or 2 servings of fatty fish each week. d.a and b e.a and c   42.Jack’s physician has placed him on a diet recommended to control his blood cholesterol. In order to follow this plan Jack would: a.consume ≤300 mg cholesterol per day. […]

    23.Suppose Snooty Wine Importers has an order of Chateau de Snoot wines arriving from France in October, and the order will be paid in euros. If Snooty enters a contract today with a forward rate of 0.9 euros per U.S. dollar for October delivery, and the spot rate in October turns out to be euro 0.85 per U.S. dollar, what is the effect […]

    131.Many governments actively work to: A. attract foreign direct investment, hoping it will build up their capital stock when domestic savings aren’t sufficient. B. attract foreign direct investment, so that when foreign companies invest in local firms, they can transfer human capital to local managers. C. discourage foreign direct investment, in an effort to encourage locals to invest in their own economy. D. discourage foreign direct investment, […]

    11) Refer to Figure 18-6. In the dynamic model of AD-AS in the figure above, if the economy is at point A in year 1 and is expected to go to point B in year 2, Congress and the president would most likely pursue A) expansionary fiscal policy. B) contractionary fiscal policy. C) expansionary monetary policy. D) contractionary monetary policy. E) expansionary automatic […]

    11.A buyer always wants to: A. buy for a price that is as low as possible, but never higher than his maximum. B. buy for a price that is as high as possible, but never higher than his maximum. C. buy for a price that is as low as possible, but never lower than his minimum. D. buy for a price that is as high as possible, […]

Multiple Choice   1.The hormone responsible for uterine contractions and the minimization of maternal postpartum blood loss is: a.prolactin. b.oxytocin. c.estrogen. d.progesterone. e.testosterone.   2.Which of the following is NOT a maternal benefit of breastfeeding? a.Minimizes postpartum blood loss b.Helps uterus return to nonpregnant size c.Delays return to fertility d.MAY help lose weight more quickly e.All of the above would be considered benefits of breastfeeding. […]

  51) Refer to Figure 12-3. Comparing the monopoly equilibrium to the perfectly competitive equilibrium, the area representing the gain in producer surplus due to monopoly is outlined by A) P1P3CA less ACE. B) P2P3CB less ABE. C) P0P3CA less ACE D) P3P4 less ABE. E) P2P4E. 52) Refer to Figure 12-3. Comparing the monopoly equilibrium to the perfectly competitive equilibrium, the area P2P3CB represents […]

    41) A rightward shift in the aggregate demand (AD) curve could result from a rise in A) induced imports. B) desired investment. C) the net tax rate. D) desired saving. E) the price level. Answer:  B Diff: 2 Topic:  23.1c. slope and shifts of the AD curve Skill:  Recall User2:  Qualitative   42) Consider the basic AD/AS macro model. The simple multiplier is […]