Question 1 Figure 3-3 Not yet answered Ice cream and cones are measured in kilograms. Marked out of Ben Jerry 1.00 Cones Cones Flag question LA 0 2 Ice Cream Ice Cream Refer to Figure 3-3. For Jerry, what is the opportunity cost of 1 kg of ice cream? O a. 1 kg of cones O b. 1/3 kg of cones O c. 3/2 kg of cones O d. 2 kg of cones NEXT PAGEQuestion 2 Table 10-4 Not yet answered The following information pertains to the Bank of Kingston. Marked out of 1.00 Assets: Liabilities: Flag question Reserves $12 000 Deposits $240 000 Loans $228 000 Refer to the Table 10-4. Assume that all banks hold the same reserve ratio as the Bank of Kingston. What is the money multiplier? O a. 20 O b. 15 O c. 17.5 O d. 12.5 PREVIOUS PAGE NEXT PAGETime left 0:56:15 Question 4 Table 3-3 Not yet answered Labour hours needed to make one Amount produced in 160 Marked out of 1.00 unit: hours: Quilts Dresses Quilts Dresses Flag question Helen 40 10 4 16 Carolyn 80 16 2 10 Refer to Table 3-3. What is the opportunity cost of one quilt for Carolyn? O a. 5 dresses O b. 3 dresses O c. 2 dresses O d. 4 dresses PREVIOUS PAGE NEXT PAGE MIDTERM EXAM COURSE OUTLINE (30% OF THE FINAL Jump toQuestion 6 Figure 3-5 Not yet answered These graphs illustrate the production possibilities available for dancing Marked out of shoes to Fred and Ginger with 40 hours of labour. 1.00 Bullet Fred Bollet Ginger Slippers Slippers Flag question 10 104 2 9 10 Tap : 9 10 Tap Shore Shoes Refer to Figure 3-5. What should Ginger and Fred specialize in? O a. Ginger should specialize in neither good, and Fred should specialize in both goods. O b. Ginger should specialize in both goods, and Fred should specialize in neither good. O c. Ginger should specialize in tap shoes, and Fred should specialize in ballet slippers. O d. Ginger should specialize in ballet slippers, and Fred should specialize in tap shoes. PREVIOUS PAGE NEXT PAGETime left 0:55:02 Question 9 Figure 3-3 Not yet answered Ice cream and cones are measured in kilograms. Marked out of Ben Jerry 1.00 Cones | Cones Flag question 8 3 2 Ice Cream ice Cream Refer to Figure 3-3. For Ben, what is the opportunity cost of 1 kg of cones? O a. 4 kg of ice cream O b. 1/2 kg of ice cream O c. 1/4 kg of ice cream O d. 2 kg of ice cream PREVIOUS PAGE NEXT PAGETime left 0:54:38 Question 15 Table 3-4 Not yet answered Labour hours needed to Marked out of 1.00 make one unit: Amount produced in 24 hours: F Flag question Baskets Birdhouses Baskets Birdhouses Alberta 6 2 4 12 Manitoba 3 4 8 6 Refer to the table. What is the opportunity cost of one basket for Alberta? O a. 4 birdhouses O b. 1/3 birdhouse O c. 1 birdhouse O d. 3 birdhouses PREVIOUS PAGE NEXT PAGE MIDTERM EXAM COURSE OUTLINE (30% OF THE FINAL Jump to... ECON-5103:16 GRADE)Time left 1:14:02 Question 18 Table 3-6 Not yet answered Labour hours needed to Marked out of 1.00 make one unit: Amount produced in 40 hours : Flag question Cheese Bread Cheese Bread England 2 40 20 Spain 2 8 20 5 Refer to Table 3-5. What is the opportunity cost of one unit of bread in England? O a. 4 cheeses O b. 1 cheese O c. 1/2 cheese O d. 2 cheeses PREVIOUS PAGE NEXT PAGE MIDTERM EXAM COURSE OUTLINE (30% OF THE FINAL Jump to...Time left 1:13:36 Question 20 Figure 3-5 Not yet answered These graphs illustrate the production possibilities available for dancing Marked out of shoes to Fred and Ginger with 40 hours of labour. 1.00 Bullet Fred Ballet Ginger Slippers Slippers Flag question 10 10 1 2 3 4 5 6 7 8 9 10 Tag 1 2 8 9 10 Tap Shore Shoes Refer to Figure 3-5. Who has a comparative advantage in each good? O a. Ginger has a comparative advantage in tap shoes, and Fred has a comparative advantage in ballet slippers. O b. Ginger has a comparative advantage in ballet slippers, and Fred has a comparative advantage in tap shoes. O c. Ginger has a comparative advantage in both goods, and Fred has a comparative advantage in neither good. O d. Ginger has a comparative advantage in neither good, and Fred has a comparative advantage in both goods. PREVIOUS PAGE NEXT PAGETime left 1:12:58 Question 24 How does the aggregate demand and supply model reflect a decrease in Not yet taxes? answered Marked out of O a. Consumption decreases, so aggregate supply shifts left. 1.00 O b. Consumption increases, so aggregate supply shifts right. Flag question O c. Consumption increases, so aggregate demand shifts right. O d. None of the other choices are correct O e. Consumption decreases, so aggregate demand shifts left. PREVIOUS PAGE NEXT PAGE MIDTERM EXAM COURSE OUTLINE (30% OF THE FINAL Jump to... ECON-5103:16 GRADE) Cape Quick Links Follow UsTime left 1:12:33 Question 27 Table 3-4 Not yet answered Labour hours needed to Marked out of 1.00 make one unit: Amount produced in 24 hours : Flag question Baskets Birdhouses Baskets Birdhouses Alberta 6 2 4 12 Manitoba 3 4 8 6 Refer to the table. What is the opportunity cost of one basket for Manitoba? O a. 1/4 birdhouse O b. 3/4 birdhouse O c. 4/3 birdhouses O d. 1 birdhouse PREVIOUS PAGE NEXT PAGE MIDTERM EXAM COURSE OUTLINE (30% OF THE FINAL Jump to... ECON-5103:16Time left 1:12:09 Question 30 Table 3-4 Not yet answered Labour hours needed to Marked out of 1.00 make one unit: Amount produced in 24 hours : Flag question Baskets Birdhouses Baskets Birdhouses Alberta 6 2 4 12 Manitoba 3 4 8 6 Refer to the table. If Alberta and Manitoba trade based on the principle of comparative advantage, what will be exported? O a. Alberta will export baskets, and Manitoba will export birdhouses. O b. Alberta will export birdhouses, and Manitoba will export baskets. O c. Alberta will export both goods, and Manitoba will export neither good. O d. Alberta will export neither good, and Manitoba will export both goods. PREVIOUS PAGE NEXT PAGETime left 1:11:30 Question 33 Table 3-6 Not yet answered Labour hours needed to Marked out of 1.00 make one unit: Amount produced in 40 hours : Flag question Cheese Bread Cheese Bread England 1 2 40 20 Spain 2 8 20 5 Refer to Table 3-5. Which country has an absolute advantage in each product? O a. England has an absolute advantage in bread, and Spain has an absolute advantage in cheese. O b. England has an absolute advantage in both goods, and Spain has an absolute advantage in neither good. O c. England has an absolute advantage in neither good, and Spain has an absolute advantage in both goods. O d. England has an absolute advantage in cheese, and Spain has an absolute advantage in bread.Time left 1:11:10 Question 37 Figure 3-6 Not yet answered These figures illustrate the production possibilities available to Barney Marked out of and Betty with eight hours of labour in their bakery. 1.00 Flag question Loaves of Bamey Loaves of Betty Dread Breed Pies Refer to Figure 3-6. Who has an absolute advantage in each product? O a. Barney has an absolute advantage in both goods, and Betty has an absolute advantage in neither good. O b. Barney has an absolute advantage in pies, and Betty has an absolute advantage in loaves of bread. O c. Barney has an absolute advantage in neither good, and Betty has an absolute advantage in both goods. O d. Barney has an absolute advantage in loaves of bread, and Betty has an absolute advantage in pies. PREVIOUS PAGE NEXT PAGEHome / My courses / ECON-5103-16.2023F / EXAMS on Moodle / Final Exam on Moodle Time left 1:10:42 Question 39 Table 3-3 Not yet answered Labour hours needed to make one Amount produced in 160 Marked out of 1.00 unit: hours: Quilts Flag question Dresses Quilts Dresses Helen 40 10 4 16 Carolyn 80 16 2 10 Refer to Table 3-3. What is the opportunity cost of one dress for Helen? O a. 1/4 quilt O b. 4 quilts O c. 1 quilt O d. 1/2 quilt PREVIOUS PAGE NEXT PAGE MIDTERM EXAM COURSE OUTLINE (30% OF THE FINAL Jump to... ECON-5103:16 GRADE)