Exam 1: Economics: the Core Issues Appendix: Using Graphs

Table 1.1 shows the hypothetical trade-off between different combinations of Stealth bombers and B-1 bombers that might be produced in a year with the limited U.S.capacity,ceteris paribus.Complete the table by calculating the required opportunity costs for both the B-1 and Stealth bombers. -The highest opportunity cost anywhere in Table 1.1 for Stealth bombers in terms of B-1 bombers is

Which of the following is not a macroeconomic statement?

The Economy Tomorrow on "Harnessing the Sun" states that the percentage of electricity that is generated from burning oil and coal is:

The production possibilities decrease as more resources and better technology are utilized.

The fundamental problem of economics is