PO x 2 A Midterm 1 Exam- Requires Respondus LockDown Browser Page 1: m PPB2 Page 2: PPB 2 Capital Goods -- Page 3: 3 Consumer Goods Page 4: 4 O A) Dor E. Page 5: O B) A or B, but not C. 5 O C) A, B, C, D, or E. Page 6: O D) A, B, or C. O E) A or E. MacBook ProMidterm 1 Exam- Requires Respondus LockDown Browser Page 1: The diagram below shows two production possibilities boundaries for Country X.Refer to Figure 1-4. If Country X, constrained by the production possibilities 1 boundary PPB1, is producing the combination of goods indicated at point F, it can produce more consumer goods by moving to one of the points Page 2: 2 PPB Page 3: PPB, Capital Goods ( w Page 4: 4 Consumer Goods Page 5: O A) Dor E. Page 6: O B) A or B, but not C. O C) A, B, C, D, or E. MacBook ProBrightspace x Midterm 1 Exam- Requires Respondus LockDown Browser Page 1: Question 2 (1 point) Listen Refer to Table 2.1.2. According to this production possibilities boundary, Page 2: Possibility Kilograms of Butter Snowshoes 2 Page 3: A) a combination of 0 kilograms of butter and 4 snowshoes is attainable. 3 O B) the opportunity cost of producing snowshoes increases as more snowshoes are produced. Page 4: C) a combination of 6 kilograms of butter and 1 snowshoe is inefficient. 4 O D) the opportunity cost of producing snowshoes decreases as more snowshoes are produced. Page 5: 5 E) resources are equally useful in all activities.The above flgure shows the market for laptops. Which of the follol/vlng mm: the supply curve from Soto 52? O A) an Increase In the cost of hard drives 0 B) an increase in the productivity of the workers manufacturing laptops: - O C) a decrease in the price of laptops O D) an Increase In the price of laptops ~ 0 E) a decrease In the number of laptop manufacture rid . s Midterm 1 Exam- Requires Respondus LockDown Browser Page 4: Refer to Scenario 3.1 below to answer the question(s) that follow. 4 SCENARIO 3.1: Movies streamed at home and movies shown in theaters are substitutes. Movies streamed at home and plasma TVs are complements. Plasma TVs Page 5: and movies shown in theaters are normal goods. People watch movies streamed at 5 home more often in the winter than in the summer. Page 6: Refer to Scenario 3.1. If the number of online stores offering movies streamed at 6 home increases by 10%, which of the following would occur? A) The price of movies streamed at home and the price of movie tickets would Page 7: increase, but the price of plasma TVs would decrease. I V O B) The price of movies streamed at home would increase, but the price of Page 8: plasma TVs and movie tickets would be unaffected. B O C) The price of movies streamed at home would increase and the price of plasma TVs and movie tickets would decrease. Page 9: 9 O D) The price of movies streamed at home and the price of movie tickets would decrease, but the price of plasma TVs would increase.Refer to Figure 2.7. _ ______ is (are) unattainable with curreht' Figure 2. 7 m O A) Points B and C Quantity (milllons oi laptops per year) The above figure shows the market for laptops. Which of the following cause _ movement from A to B? O A) an increase in the price of laptops O B) a decrease in the number of laptop manufactures and sellers O C) an increase in the cost of hard drives \\ l O D) an increase in the productivity of the workers manufa ' O E) a decrease in the price of laptops, balm