Question 1 4 points Saved Public service announcements, mandatory health warnings on cigarette packages, and the prohibition of cigarette advertising on television are all policies aimed at shifting the demand curve for cigarettes to the left. O True O FalseQuestion 2 4 points * Saved If Donna can produce more shoes per week and more bags than Danna can, then Donna cannot gain from trading shoes and bags with Danna. O True False Question 3 4 points Save Answer Donna can do the transmission in 45 minutes and she can wash the car in 90 minutes. Danna can do the transmission in 30 minutes and she can wash the car in 90 minutes. Donna's opportunity cost of washing the car is lower than Danna's opportunity cost of car washing. O True O False Question 4 4 points Saved . Donna , the owner of MFA Shop, earns Php500 per hour supervising the comp. shop operations. Her son Andrez is a high student, earning Php40 per hour in his own business. Donna's laptop is broken.She can fix it in an hour. Andrez can fix it too in 5 hours. Donna's opputunity cost of fixing the comuputer is lower than Andrez. True O False Question 5 4 points Save Answer The demand for gasoline will respond more to a change in price over a period of five years than over a period of five weeks. True O FalseQuestion 6 4 points Saved Cocoa and marshmallows are complements, so a decrease in the price of cocoa will cause an decrease in the demand for marshmallows. O True O False A Moving to the nave muniaction neavants rhangar to this ancwar .IAMSLIP SIn m SARUPIn siuanaid unncanh ixaul ain m RUMnow T7 Question 7 of 25 > Question 7 4 points Save Answer The production possibilities frontier is a graph that shows the various combinations of inputs that the economy can possibly produce given the available factors of production and the available production technology. a True O False Question 8 When Donna's income decreases, she buys more bread. For Donna, bread is a normal good. True O False VUESUIVII = VI 23 Question 9 4 points Save Answer Economics is the study of how society allocates its unlimited resources. True FalseQuestion 10 4 points Save Answer A surplus is the same as an excess supply. True O False Question 11 4 points Save Answer The demand for personal computer is likely to be more elastic than the demand for IBM personal computer. O True O False A Moving to the next question prevents changes to this answer. Question 11 of 25 >