ECON 2001.01 Quiz: ECON 2001.01 Quiz 2014 Fall
28 Sep 2018
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Multiple choice questions (please choose the best response to these 20 questions. When computing the opportunity cost of going to a football game, you should include: Any point on a country"s production possibilities frontier represents a combination of. Suppose that an economy is currently producing at a point inside its ppf. Production possibility frontiers are usually shown as bowed outward. A production possibilities frontier can shift outward if: other ones. According to the law of demand, an increase in the price of a good will: A table that shows the relationship between the price of a good and the quantity. If peanut butter and jelly are complements, which of the following would increase the. Suppose gilligan and marianne are shipwrecked on opposite sides of an uncharted desert isle. They catch fish and pick berries to survive, using the 12 hours per day of available daylight. An economist hidden in the bushes observes the following rates of food production:
