Please help with the following questions in the images by providing the correct letter response:

1.

Which of the following is an example of a factor of production in the category of land? O The work a farmer puts into his business 0 Factory equipment 0 A company's shares in the stock market 0 A property inspector's report 0 The natural rubber used to make tires Use the PPCs below to answer the following question. Dominican Republic Cuba Baum-Mr Goods Consumer Good: 25 so CIpltIlGoodo cape-moods Which of the following statements about these countries' productions is accurate? 0 The Dominican Republic has an absolute and comparative advantage in consumer good production. 0 Cuba has a comparative advantage in the production of consumer goods. 0 These countries cannot mutually benefit from trade. 0 Cuba's opportunity cost for converting resources is constant while the Dominican Republic's is increasing. 0 The Dominican Republic must have more total resources. The price of a popular breakfast cereal increases. ceteris paribus. As a result. demand will and quantity demanded will 0 be constant; increase Q be constant; decrease 0 increase; be constant 0 decrease: be constant 0 depend on its determinants; increase wnat WOUtCI nappen to the equilibrium price and quantity for a good it the price of one of its complements decreased? 0 The equilibrium price would decrease, and the equilibrium quantity would decrease. O The equilibrium price would decrease. and the equilibrium quantity would increase. 0 The equilibrium price would increase, and the equilibrium quantity would decrease. O The equilibrium price would increase. and the equilibrium quantity would increase. 0 There would be no change in either equilibrium price or quantity. If the market for a good is in equilibrium. which of the following statements must be true? 0 The good is no longer scarce. 0 All consumers who demand the good are able to obtain it. 0 All suppliers are able to sell every unit they could possibly produce. 0 The quantity supplied equals the quantity demanded. Q There is efcient production and the economy is growing. If Country X can produce more of a good than Country Y with the same amount of resources. then 0 Country X has a higher opportunity cost for producing that good than Country Y 0 Country X has a comparative advantage over Country Y in producing that good 0 Country Y has a comparative advantage over Country X in producing that good 0 Country X has an absolute advantage over Country Y in producing that good 0 Country Y has an absolute advantage over Country X in producing that good Which of the following events would cause the demand for a good to shift right? 0 The price of the good decreases. O The price of the good increases. 0 The price of a complement decreases. O The price of a substitute decreases. O The price of a production factor decreases. Which of the following would illustrate a recession on a production possibilities curve? O Producing all of one good or the other O Production outside of the curve 0 Increasing opportunity cost for production 0 Producing anywhere but the midpoint of the curve O Production inside of the curve Use the PFC below to answer the following question. 45 3 Corn 25 40 Wheat What is the opportunity cost of producing 25 units of wheat? O 5 units of corn 0 15 units of corn 0 25 units of porn O 45 units of corn 0 Indeterminate The market price for language translation services increases. leading to an increase in its quantity supplied. This describes the 0 law of demand 0 law of supply 0 law of diminishing marginal utility 0 income effect 0 substitution effect Why must individuals make choices? 0 Resources are scarce. 0 Production of consumer goods is unlimited. 0 The options in any situation have equal value. 0 They live in a marketbased society. 0 Change is necessary for economic growth. If the wage rate for laborers who make a good increases, ceteris paribus, what will happen to the market for that good? O The demand curve will shift right. O The supply curve will shift right. O The demand curve will shift left. O The supply curve will shift left. O The good's market will not be impacted. Country Alpha takes 4 hours to produce a unit of jet fuel and 2 hours to produce a unit of butter. Country Omega takes 9 hours to produce a unit of jet fuel and 3 hours to produce a unit of butter. Based on this, what range of jet fuel for every 60 units of butter would be mutually beneficial? O Between 0.33 and 0.5 units of jet fuel O Between 2 and 3 units of jet fuel O Between 4 and 9 units of jet fuel O Between 20 and 30 units of jet fuel O Between 120 and 180 units of jet fuel If businesses are increasing production and raising their prices, what situation is being eliminated in the market for that good? O A surplus O Scarcity O A shortage O A dysfunctional coordinating mechanism O EquilibriumA number of consumers and a number of sellers leave a market at the same time. After this. the equilibrium quantity would and the equilibrium price would 0 decrease: increase 0 decrease; decrease 0 increase; decrease 0 increase: be indeterminate 0 decrease; be indeterminate Use the graph below to answer the following question. Price/Unit ($) S A C D 25 35 45 60 70 Quantity What would be the result if the price were set at C in the market above? O A surplus of 10 units O A shortage of 10 units O A surplus of 25 units O A shortage of 25 units O A surplus of 35 unitsDate ......../........!.............. Price / UNIT( $ ) S A At Price C demand is 60 and Supply is B 35 . so there is C Shortage 60-35 =25 Shortage is 25 D 25 35 45 60 70 Quatity