final 2006 example

Final 2006 example - Final Intro to Macro 201A ExampleName MULTIPLE CHOICE Choose the one alternative that best completes the statement or answers

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Unformatted text preview: Final Intro to Macro, 201A, ExampleName___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. Table 18.1 1) Refer to Table 18.1. In New Zealand, the opportunit y cost of 1 bale of cotton is: 1) _______ A) 1/2 bushel of wheat. B) 1 bushel of heat. 2 bushels of wheat. D) 5 bushels of heat. 2 ) Refer to Table 18.1. In the United States, the opportunit y cost of 1 bushel of wheat is: 2) ______ _ A ) 1 bale of cotton. B) 4 bales of otton. 2 bales of cotton. D) 1/2 bale of otton. Figure 18.1 3 ) Refer to Figure 18.1. The opportunit y cost of a truck is ________ car(s) in the United States and ________ car(s) in England. 3) ______ _ A ) 6; 4 B) 4; 1.5 C) 1.5; 2 D) 4 ; The United States imports television s from Japan and Japan imports computer chips from the United States. If the theory of comparati ve advantage guides trade between the two countries, it must be true that: 4) ______ _ A ) t h e U n i t e d S t a t e s h a s c o m pa rat iv e ad va nt ag e in pr od uc in g co m pu ter ch ip s. the opportunity cost of producing computer chips in the United States is lower than that in Japan. D) all of the above 5) The terms of trade refers to: 5) ______ _ A...
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This note was uploaded on 12/16/2009 for the course ACCT 116B 00138 taught by Professor Seymour during the Fall '09 term at Mesa CC.

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Final 2006 example - Final Intro to Macro 201A ExampleName MULTIPLE CHOICE Choose the one alternative that best completes the statement or answers

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