Using the information in the table above, what does the slope of the line between x and y equal?
A) 5
B) -0.5
C) 2
D) -2
Ques. 2If an individual has a 0.3 probability of receiving 10 and a 0.7 probability of receiving 20, the expected income is
A) 20.
B) 7.
C) 14.
D) 17.
Ques. 3What are the main components of the current account? What has been the recent U.S. experience with these items?
What will be an ideal response?
Ques. 4In the figure above, 10 percent of income in country A is distributed to the
A) richest 10 percent of the households.
B) poorest 10 percent of the households.
C) richest 30 percent of the households.
D) poorest 30 percent of the households.
Ques. 5The economy's marginal benefit curve for a public good is found by ________ for all individuals.
A) vertically summing the marginal benefit curves
B) vertically summing the total benefit curves
C) horizontally summing the total benefit curves
D) horizontally summing the marginal benefit curves
Ques. 6The figure above shows Sam's budget line. Which of the following formulas represents Sam's budget equation?
A) 60.00 = 1.50/Qg + 3.00/Qc
B) 60.00 = Qg /1.50 + Qc /3.00
C) 60.00 = 1.50(Qg) + 3.00(Qc)
D) 60.00 = 1.50(Qg) - 3.00(Qc)
Ques. 7The table above shows Tom's total utility from milkshakes and sodas. Tom's total budget for milkshakes and sodas is 20.00 per week. Milkshakes cost 2.00 each and sodas cost .50 each.
What quantity of milkshakes does Tom purchase at his consumer equilibrium? A) five
B) six
C) seven
D) eight
Ques. 8The table above shows the number of pounds of bricks that can be produced by the Red Brick Company as the number of workers hired increases. The brick market is perfectly competitive and each pound of bricks sells for 20.
The labor market is competitive and the wage rate is 30 an hour. When the Red Brick Company maximizes its profit, it produces ________ bricks an hour. A) 19
B) 21
C) 22
D) 10
Quick Reply
