1.Jack consumes only shoes and socks. If Jack spends his entire budget on shoes, he can buy 9 pairs of shoes. If Jack spends his entire budget on socks, he can buy 72 pairs of socks. What is the opportunity cost of 6 pairs of shoes?

2.a country has doubled its income in 14 years. what has been the average annual rate of growth?

I found the equation:

(1+x)^14= 2

find out the x value

3.On April 1, the price of gas at Bob's Corner Station was $3.50 per gallon. On May 1, the price was $4.00 per gallon. On June 1, it was back down to $3.50 per gallon.

Between April 1 and May 1, Bob's price increased by$0.50*** , or 14.29%*** .

Between May 1 and June 1, Bob's price decreased by$0.50*** , or12.50% ***.

Suppose that at a gas station across the street, prices are always 20% higher than Bob's. In absolute dollar terms, the difference between Bob's prices and the prices across the street is greater*** when gas costs $4.00 than when gas costs $3.50.

Suppose the Fed raises the target for the federal funds rate from 2% to 2.75%. This change of ____ percentage points means that the Fed raised its target by approximately ____.

4.pranav and james each improved their yards by planting rose bushes and ornamental grass. they bought their supplies from the same store. pranav spent $168 on 12 rose bushes and 7 bunches of ornamental grass. james spent $259 on 13 rose bushes and 14 bunches of ornamentree al grass. find the cost of one rose bush and the cost of one bunch of ornamental grass.

5.Explain what is meant by the economic term 'Paradox of Thrift'

6.Explain contributions of Adam Smith to economic thought.

7.Distinguish between the terms 'effective demand' and 'derived demand'.

8.Women in Ireland earn on average 17.1% less per hour than men, according to a study by the European Commission

What is the measure that could be taken to close the gender pay gap

9.Explain Karl Marx's economic theory about the exploitation of labour in a capitalist system.

10.lea and Roy are selling pies for a school fundraiser. customers can buy cherry pies and lemon meringue pies. lea sold 5 cherry pies and 5 lemon meringue pies for a total of $110. Roy sold 9 cherry pies and 11 lemon meringue pies for a total of $228. what is the cost of one cherry pie and one lemon meringue pie?