ECON 2001.01 Study Guide - Quiz Guide: Mobile Phone, Xenophobia, Absolute Advantage

• School: Ohio State University
• Department: Economics
• Course: ECON 2001.01
• Professor: All

Document Summary

On your scantron: under name clearly fill out your last name then your first name; then bubble in the correct letters. You have 50 minutes to finish the quiz. When you are done with your quiz, you must hand in your scantron and this page (please write your name). There are 25 questions total on this quiz. Juanita and shantala run a business that programs and tests cellular phones. Shantala can switch between programming and testing cellular phones at a constant rate. Number of cellular phones programmed or tested in a 40- Juanita"s opportunity cost of programming one cellular phone is testing: 2/15 cellular phones and shantala"s opportunity cost of programming one cellular phone is testing. 5/2 cellular phones: 2/15 cellular phones and shantala"s opportunity cost of programming one cellular phone is testing. Its ruler proclaimed that xenophobia should become self-sufficient, so it would not engage in foreign trade. Azerbaijan"s production possibilities frontier: refer to figure 3-21.