Question 1

A processor of alligator hides can produce either purses or shoes.If the demand for alligator shoes increases,then the ________ alligator purses will ________.

Accepted Answer

A)  supply of; increase 
B)  supply of; decrease 
C)  demand for; decrease 
D)  demand for; increase 
A)  supply of; increase 
B)  supply of; decrease 
C)  demand for; decrease 
D)  demand for; increase

Question 2

Which of the following increases the demand for chicken?

Accepted Answer

A)  an increase in the price of the grain used to feed chickens 
B)  an increase in the number of chicken farmers 
C)  an increase in the price of beef, a substitute for chicken 
D)  a fall in the price of chicken 
A)  an increase in the price of the grain used to feed chickens 
B)  an increase in the number of chicken farmers 
C)  an increase in the price of beef, a substitute for chicken 
D)  a fall in the price of chicken

Question 3

An opportunity cost of economic growth is

Accepted Answer

A)  the capital accumulation given up to increase present consumption. 
B)  the increased future consumption. 
C)  the present consumption given up to accumulate capital. 
D)  None of the above because there is no opportunity cost since if an economy grows, it can produce more of all goods. 
A)  the capital accumulation given up to increase present consumption. 
B)  the increased future consumption. 
C)  the present consumption given up to accumulate capital. 
D)  None of the above because there is no opportunity cost since if an economy grows, it can produce more of all goods.

A processor of alligator hides can produce either purses or shoes.If the demand for alligator shoes increases,then the alligator purses will .

Which of the following increases the demand for chicken?

An opportunity cost of economic growth is

What Is Economics

The Economic Problem

Demand and Supply

Measuring GDP and Economic Growth

Monitoring Jobs and Inflation

Economic Growth

Finance, Saving, and Investment

Money, The Price Level, and Inflation

The Exchange Rate and the Balance of Payments

Aggregate Supply and Aggregate Demand

Expenditure Multipliers

Inflation, Jobs, and the Business Cycle

Fiscal Policy

Monetary Policy

International Trade Policy

Monitoring Macroeconomic Performance

Macroeconomic Trends

Macroeconomic Fluctuations

Macroeconomic Policy

Filters

Exam 16: Introduction

A processor of alligator hides can produce either purses or shoes.If the demand for alligator shoes increases,then the ________ alligator purses will ________.

Which of the following increases the demand for chicken?

An opportunity cost of economic growth is

What Is Economics

The Economic Problem

Demand and Supply

Measuring GDP and Economic Growth

Monitoring Jobs and Inflation

Economic Growth

Finance, Saving, and Investment

Money, The Price Level, and Inflation

The Exchange Rate and the Balance of Payments

Aggregate Supply and Aggregate Demand

Expenditure Multipliers

Inflation, Jobs, and the Business Cycle

Fiscal Policy

Monetary Policy

International Trade Policy

Monitoring Macroeconomic Performance

Macroeconomic Trends

Macroeconomic Fluctuations

Macroeconomic Policy

Filters

A processor of alligator hides can produce either purses or shoes.If the demand for alligator shoes increases,then the alligator purses will .