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16 Assume that a consumer has a given budget or income of $10 and that she can buy only two goods, apples or bananas. The price of an apple is $1.00 and the price of a banana is $0.50. What is the slope of the budget line if the quantity of apples were measured on the horizontal axis and bananas on the vertical axis? Multiple Choice BOOK -0.5 O -0.8 O -1.6 O -2\fWhich of the following is one of the Five Fundamental Questions? 18 Multiple Choice EBOOK O How much should society save? Which products should be in scarce supply and which In excess supply? O What goods and services will be produced? O Who should appoint the head of the central bank?19 10 8 6 Quantity of D BBOOK 4 2 10 Quantity of C Refer to the budget line shown in the diagram. If the consumer's money income is $200, the Multiple Choice () prices of C and D cannot be determined. O price of C Is $5 and the price of D Is $10. consumer can obtain a combination of 5 units of both C and D. O price of C Is $40 and the price of D is $20.20 Answer the question on the basis of the following production possibilities tables for two countries, North Cantina and South Cantina. North Cantina Production Possibilities A B C D E F Capital Goods 4 3 2 1 Consumer Goods 10 18 24 28 30 eBook South Cantina Production Possibilities A B C D E F Capital Goods 5 4 3 2 1 Consumer Goods 8 15 21 25 27 Refer to the tables. If North Cantina is producing at production alternative C. the opportunity cost of the nineteenth unit of consumer goods will be Multiple Choice O 1/3 of a unit of capital goods. O 3 units of capital goods. O 6 units of capital goods. 1/6 of a unit of capital goods