Questions from Macroeconomics


Q: / Calculate the slope across the arc AB.

Calculate the slope across the arc AB.

See Answer

Q: Tony and Patty produce skis and snowboards. The tables show their

Tony and Patty produce skis and snowboards. The tables show their production possibilities. Tony produces 5 snowboards and 40 skis a week; Patty produces 10 snowboards and 5 skis a week. a. Who has a...

See Answer

Q: The table gives data about umbrellas: price, the number purchased

The table gives data about umbrellas: price, the number purchased, and rainfall in millimetres (mm). What happens in the graph in Problem 21 if the price rises and rainfall is constant? Problem 21:...

See Answer

Q: The table gives data about umbrellas: price, the number purchased

The table gives data about umbrellas: price, the number purchased, and rainfall in millimetres (mm). What happens in the graph in Problem 21 if the rainfall increases from 200 mm to 400 mm? Problem...

See Answer

Q: Brazil produces ethanol from sugar, and the land used to grow

Brazil produces ethanol from sugar, and the land used to grow sugar can be used to grow food crops. The table sets out Brazil’s production possibilities for ethanol and food crops:...

See Answer

Q: Brazil produces ethanol from sugar, and the land used to grow

Brazil produces ethanol from sugar, and the land used to grow sugar can be used to grow food crops. The table sets out Brazil’s production possibilities for ethanol and food crops:...

See Answer

Q: Brazil produces ethanol from sugar, and the land used to grow

Brazil produces ethanol from sugar, and the land used to grow sugar can be used to grow food crops. The table sets out Brazil’s production possibilities for ethanol and food crops:...

See Answer

Q: Brazil produces ethanol from sugar, and the land used to grow

Brazil produces ethanol from sugar, and the land used to grow sugar can be used to grow food crops. The table sets out Brazil’s production possibilities for ethanol and food crops:...

See Answer

Q: Brazil produces ethanol from sugar, and the land used to grow

Brazil produces ethanol from sugar, and the land used to grow sugar can be used to grow food crops. The table sets out Brazil’s production possibilities for ethanol and food crops:...

See Answer

Q: Distinguish between production efficiency and allocative efficiency. Explain why many production

Distinguish between production efficiency and allocative efficiency. Explain why many production possibilities achieve production efficiency but only one achieves allocative efficiency.

See Answer