AP Eco Test 6 - * 6 TAKE-HOME 6 * Test Title: AP Macro,...

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*** 6 TAKE-HOME 6 *** Test Title: AP Macro, Chapter 6 (Global Economy), Take-Home Test Version: Take-Home, 30 Questions 1. The emigration of software designers from India to the United States best illustrates a(n): A) trade flow. B) resource flow. C) financial flow. D) information flow. Use the following to answer questions 2-10: Alpha’s production possibilities : A B C D E Steel (tons) 60 45 30 15 0 Wheat (tons) 0 15 30 45 60 Omega’s production possibilities : A B C D E Steel (tons) 20 15 10 5 0 Wheat (tons) 0 15 30 45 60 2. The above data would graph as: A) a straight line for Alpha, but as a concave curve for Omega. B) a concave curve for Alpha, but as a straight line for Omega. C) concave curves for both Alpha and Omega. D) straight lines for both Alpha and Omega. 3. Refer to the above data. Alpha is a(n): A) increasing cost economy, whereas Omega is a constant cost economy. B) constant cost economy, whereas Omega is an increasing cost economy. C) increasing cost economy, as is Omega. D) constant cost economy, as is Omega. aECON-06-TH,Global Economy Monday, September 28, 2009 Page 1
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4. Refer to the above data. The domestic opportunity cost of producing 1 ton of steel in Alpha is: A) ½ ton of wheat. B) 1 ton of wheat. C) 15 tons of wheat. D) 30 tons of wheat. 5. Refer to the above data. The domestic opportunity cost of producing 1 ton of steel in Omega is: A) ½ ton of wheat. B) 2 tons of wheat. C) 3 tons of wheat. D) 5 tons of wheat. 6. Refer to the above data. Alpha has a comparative advantage in producing: A) neither steel nor wheat. B) both steel and wheat. C) steel. D) wheat. 7. Refer to the above data. On the basis of the above information: A) Alpha should export both steel and wheat to Omega. B) Omega should export both steel and wheat to Alpha. C) Omega should export steel to Alpha and Alpha should export wheat to Omega. D) Alpha should export steel to Omega and Omega should export wheat to Alpha. 8. Refer to the above data. After specialization, Alpha will produce: A) 60 tons of steel and Omega will produce 45 tons of wheat. B)
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This note was uploaded on 11/08/2009 for the course ECO 496928 taught by Professor Aguirre,clelia during the Fall '09 term at Miami Dade College, Miami.

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AP Eco Test 6 - * 6 TAKE-HOME 6 * Test Title: AP Macro,...

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