Question Solved1 Answer Question 6 The country of San Pedro produces two goods: beach towels andsoccer balls. Last year, it produced 150 beach towels and 300soccer balls. This year, it produced 175 beach towels and 350soccer balls. Given no other information, which of the followingcould NOT explain the change? San Pedro acquired more resources. San Pedro experienced an improvement in widget-makingtechnology. San Pedro experienced a high level of emigration out of thecountry. San Pedro experienced a reduction in unemployment.Question 7 Refer to Figure 1-4. Which arrow shows the flow of spending byhouseholds? arrow C arrow D arrow A arrow BQuestion8 Which of the following demonstrates the law of demand? Jon buys more pretzels at $1.50 each since he got a $1 raise atwork. Johan buys more burgers at $2 each than at $4 each. Kendra buys fewer milk chocolate bars at $0.60 each since theprice of white chocolate bars fell to $0.50 each. Melissa buys fewer muffins at $0.75 each than at $1 each.Question 9 What does a point on a country's production possibilitiesfrontier represent? a combination of two goods that an economy will never be able toproduce a combination of two goods that an economy can produce using allavailable resources and technology a combination of two goods that an economy may be able toproduce sometime in the future with additional resources andtechnology a combination of two goods that an economy can produce usingsome of its resources and technology Question 10Refer to Figure 1-5. Suppose the economy is at point A. What isthe opportunity cost of increasing the production of toothbrushesby 10 units? 10 toasters 15 toasters 20 toasters 5 toasters

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Question 6

The country of San Pedro produces two goods: beach towels and soccer balls. Last year, it produced 150 beach towels and 300 soccer balls. This year, it produced 175 beach towels and 350 soccer balls. Given no other information, which of the following could NOT explain the change?

	San Pedro acquired more resources.
	San Pedro experienced an improvement in widget-making technology.
	San Pedro experienced a high level of emigration out of the country.
	San Pedro experienced a reduction in unemployment.

Question 7

Refer to Figure 1-4. Which arrow shows the flow of spending by households?

	arrow C
	arrow D
	arrow A
	arrow B

Question 8

Which of the following demonstrates the law of demand?

	Jon buys more pretzels at $1.50 each since he got a $1 raise at work.
	Johan buys more burgers at $2 each than at $4 each.
	Kendra buys fewer milk chocolate bars at $0.60 each since the price of white chocolate bars fell to $0.50 each.
	Melissa buys fewer muffins at $0.75 each than at $1 each.

Question 9

What does a point on a country's production possibilities frontier represent?

	a combination of two goods that an economy will never be able to produce
	a combination of two goods that an economy can produce using all available resources and technology
	a combination of two goods that an economy may be able to produce sometime in the future with additional resources and technology
	a combination of two goods that an economy can produce using some of its resources and technology

Question 10

Refer to Figure 1-5. Suppose the economy is at point A. What is the opportunity cost of increasing the production of toothbrushes by 10 units?

	10 toasters
	15 toasters
	20 toasters
	5 toasters

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Question 6. Country of San Pedro's production increased from 150 beach towels and 300 soccer balls to 175 beach towel and 350 soccer balls. So the only option that could not explain this change is option C. Since only option C is suggesting a negative effect on production, as high level of emigration out of the country would mean less labor available for production but since the production has increased this option doesn't explain this change in production. So the correct will be option C, a high level of emigration out of the country.    Question 8 The law of demand says that when the price of good falls its demand increases. So the option 2 that is Jhon buys more burgers at $2 each than $4 each because the law would also suggest that when the price of burger falls from $4 each to $2 each its demand must increase.  The option that demonstrates the law of demand is option 2, that is Jhon buys more burger at $2 each than $4 each.    Question 9. The boundary point ... See the full answer

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