19253 :' 56 (:1' Done Edit e. None of the above. l .I Question 8 0 '1 \"ts Consider the market for Adidas shoes. What will be the effect on equilibrium price and quantity given the following: an increase in rubber costs; an increase in the price of Nike shoes. a. Price goes down, quantity goes up b. Price goes down, the effect on quantity is unknown c. Price goes up, quantity goes up cl. Price goes up, the effect on quantity is unknown e. Price goes up, quantity goes down - Question 9 0 /1 pts I Question 9 0/1 \"ts In 2019, the output of Australia was as follows. consumption: $8008; investment: $5008; government spending: $2008, imports: $3008; exports: $1008. The CPIs are as follows: 2019: 115; 2000: 101. What is real GDP for the year 2019 expressed in terms of 200055? a.$130T i b.$Ll3T i C. $1.14T Ci. $1.901- e.$167T 19:53 5G Done Edit t Question 12 0 / 1 pts Calculate the labor participation rate based on the following data. Working population: 9 million Unemployed (but looking for work) population: 1 million Total population: 25 million Population 65+: 20 million O a. 36% O b. 40% O c. 45% O d. 50% . e. None of the above More- Question 13 0 f 1 pts Consider the production function relating output and labor. What would the effect of an increase in technology be on the production function? a. It woufd shift the production function down because less output would be produced at all levels of labor. b. It would shift the production function down because more output would be produced at all levels of labor. c. It would shift the production function up because the labor supply would increase. d. It would shift the production function up because more output would be produced at all levels of labor. .| MIT! I'i . qoo.instruoture.com \f19352 :' 56 (:1' Done Edit . Question 5 0 I 1 "ts If both countries specialize in the good for which they have a comparative advantage, what is the total combined amount of wheat and corn they will have. a. 300 units of wheat, 100 units of corn b. 300 units of wheat, 80 units of corn c. 80 units of wheat. 40 units of corn cl. 80 units of wheat, 100 units of corn e. 300 units of wheat, 40 units of corn More 19:52 :' so E Done Edit . Question 6 0/ 1 \"5 Which of the following would decrease the demand curve for red whiteboard pens? a. Consumers realize red pens stand out more on a white board and are better for writing. b. The price of blue pens (just as good as red pens) decreases. c. The price of blue pens increases. d. The price of white boards (always used in tandem with pens) decreases. 6. Both (c) and (d) are true. More 19:52 :' so (Er Done Edit - Question 20 0 I 1 pts Which of the following scenarios would denitely result in capital deepening? a. an increase in the capital supply and an increase in population b. an increase in the capital supply and a decrease in population c. a decrease in the capital supply and a decrease in population d. a decrease in the capital supply and a increase in population e. more than one of the above More