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QUESTION 5 Good B Which of the following is the best example of the ownership of the resource called capital O A. John Smith's ownership of 10 shares of a manufacturer of farm tractors O B. Pogo O'Reilly's ownership of 10 shares of a natural gas extraction company O C. Helen Restock's ownership of a $10,000 savings bond O D. Abe Hawthorne's college degree in marketing O E. Ann Stump's creative, risk-taking personality h b f. QUESTION 6 Good A a Over the last century, U.S. labor productivity has O A. fallen O B. been constant, on average O C. grown at about 2 percent per year O D. grown at about 8 percent per year O E. grown at about 15 percent per year In moving from point f to point g in Exhibit 2-6, the O A. production of B increases without a change in the production of A O B. production of A increases without a change in the production of B O C. production of both A and B increase O D. production of both A and B decrease O E. production of B increases and production of A decreases QUESTION 7 QUESTION 16 Income and happiness are O A. negatively O B. independently O C. reluctantly O D. positively E. Economist do not study such questions related The production possibilities frontier represents the boundary between attainable and unattainable prices of commodities. O A. True O B. False

QUESTION 5 Good B Which of the following is the best example of the ownership of the resource called capital O A. John Smith's ownership of 10 shares of a manufacturer of farm tractors O B. Pogo O'Reilly's ownership of 10 shares of a natural gas extraction company O C. Helen Restock's ownership of a $10,000 savings bond O D. Abe Hawthorne's college degree in marketing O E. Ann Stump's creative, risk-taking personality h b f. QUESTION 6 Good A a Over the last century, U.S. labor productivity has O A. fallen O B. been constant, on average O C. grown at about 2 percent per year O D. grown at about 8 percent per year O E. grown at about 15 percent per year In moving from point f to point g in Exhibit 2-6, the O A. production of B increases without a change in the production of A O B. production of A increases without a change in the production of B O C. production of both A and B increase O D. production of both A and B decrease O E. production of B increases and production of A decreases QUESTION 7 QUESTION 16 Income and happiness are O A. negatively O B. independently O C. reluctantly O D. positively E. Economist do not study such questions related The production possibilities frontier represents the boundary between attainable and unattainable prices of commodities. O A. True O B. False

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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QUESTION 5 Good B Which of the following is the best example of the ownership of the resource called capital O A. John Smith's ownership of 10 shares of a manufacturer of farm tractors O B. Pogo O'Reilly's ownership of 10 shares of a natural gas extraction company O C. Helen Restock's ownership of a $10,000 savings bond O D. Abe Hawthorne's college degree in marketing O E. Ann Stump's creative, risk-taking personality h b f. QUESTION 6 Good A a Over the last century, U.S. labor productivity has O A. fallen O B. been constant, on average O C. grown at about 2 percent per year O D. grown at about 8 percent per year O E. grown at about 15 percent per year In moving from point f to point g in Exhibit 2-6, the O A. production of B increases without a change in the production of A O B. production of A increases without a change in the production of B O C. production of both A and B increase O D. production of both A and B decrease O E. production of B increases and production of A decreases QUESTION 7 QUESTION 16 Income and happiness are O A. negatively O B. independently O C. reluctantly O D. positively E. Economist do not study such questions related The production possibilities frontier represents the boundary between attainable and unattainable prices of commodities. O A. True O B. False
Transcribed Image Text:QUESTION 5 Good B Which of the following is the best example of the ownership of the resource called capital O A. John Smith's ownership of 10 shares of a manufacturer of farm tractors O B. Pogo O'Reilly's ownership of 10 shares of a natural gas extraction company O C. Helen Restock's ownership of a $10,000 savings bond O D. Abe Hawthorne's college degree in marketing O E. Ann Stump's creative, risk-taking personality h b f. QUESTION 6 Good A a Over the last century, U.S. labor productivity has O A. fallen O B. been constant, on average O C. grown at about 2 percent per year O D. grown at about 8 percent per year O E. grown at about 15 percent per year In moving from point f to point g in Exhibit 2-6, the O A. production of B increases without a change in the production of A O B. production of A increases without a change in the production of B O C. production of both A and B increase O D. production of both A and B decrease O E. production of B increases and production of A decreases QUESTION 7 QUESTION 16 Income and happiness are O A. negatively O B. independently O C. reluctantly O D. positively E. Economist do not study such questions related The production possibilities frontier represents the boundary between attainable and unattainable prices of commodities. O A. True O B. False
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