1.

An economy with government involvement in the provision of social welfare benefits combined with relatively free markets where buyers and sellers are allowed to interact with one another would be a

market economy.

command economy.

traditional economy.

normal economy.

mixed economy.

P P P 51 52 52 51 51 01 01 0102 Q Q Q A B C P 51 P 51 52 _, _. ._ D1 D2 2 01 a D Q E Assume that fresh sh and chicken are substitutes for consumers. If fresh sh is found to have high levels of mercury in it, which of the graphs above would reect the impact of the nding on the market for chicken in the short-run? 3. If two pajamas are currently being produced, the opportunity cost of increasing production to three pajamas would be 0 90 slippers. O 70 slippers. O 40 slippers. O 30 slippers. O 20 slippers. 100 90 70 . 4. Slippers 40 1 2 3 Pajamas 4. To be efficient, the production of each good this economy should produce is 100 slippers and no pajamas. 90 slippers and 2 pajamas. 70 slippers and 3 pajamas. 40 slippers and 4 pajamas. O indeterminate with the information given.5. Completed Per Day Flower Bed: Wooded Bags of Leave: Baked Samantha and Adam own a gardening business together: They each pull weeds from ower beds and rake up leaves for their neighbors. If each decides to specialize in what they are best at, Samantha will 0 weed and Adam will rake because these are the goods each has a comparative advantage in. 0 like and Adam will weed because these are the goods each has a comparative advantage in. O weed and Adam wlll rake because these are the goods each has an absolute advantage In. 0 rake and Adam wlll weed because these are the goods each has an absolute advantage In. Between 2009 and 2010, the CPI 0 increased by 26.7 percent. 0 increased by 36.5 percent. 0 increased by 73.2 percent. 0 decreased by 36.5 percent. 0 decreased by 26.7 percent. 29. Assets Liabilities Reserves $82,500 Deposits $125,000 Bonds $30,000 Loans $12,500 Using the table above, if the reserve requirement is 10 percent, then the additional amount the bank could create is $700,000. $125,500. O $1,255,000. $7,000,000. $8,250,000.PL LRAS AS1 LRAS AS1 AS2 Consumer Goods AD2 AD1 AD1 Capital Goods RGDP = Y RGDP = Y A B C PL LRAS AS2 AS1 Consumer Goods AD1 RGDP = Y Capital Goods D 51. E above? An increase in economic growth in all sectors of the economy would best be represented by which of the gr O A O B O OD OE