Question 28 2.5 pts 6. Peanut butter and jelly are complements. A rise in the price of peanut butter will the demand for jelly and the equilibrium quantity of jelly will O decrease; increase O increase; decrease decrease; decrease O increase; increaseQuestion 25 2.5 pts As Jamal's income rises, his demand for video rentals does not change. It follows that, for Jamal, video rentals are a(n) O normal good O substitute good. O inferior good. O neutral geod.D Question 29 2.5 pts Which of the following pairs of goods would be most likely to be substitutes? O butter and margarine 0 Chips and salsa 0 pasta and pasta sauce 0 tires and automobiles D Question 30 2.5 pts As the price of good A rises, the demand for good B rises. Therefore, goods A and B are O inferior goods. O complements. O normal goods. O substitutes.D Question 27 2.5 pts Which of the following might represent a shift to the left on a Production Possibilities Curve? 0 An earthquake in a manufacturing region Q The release of a new iphone 0 Conquering new territory 0 The advent of chemical fertilizers D Question 24 2.5 pts There would be no subject of economics if O wants and resources were finite. O wants were infinite and resources were finite. O wants were finite and resources were infinite. O wants and resources were infinite.'3' Question 26 2.5 pts Which of the following is NOT an example of an opportunity cost? 0 By spending Thursday night studying for an economics exam, a student was unable to complete a homework assignment for calculus class. 0 Because David used all of his vacation time to paint his house, he was unable to visit the Caribbean last year. 0 By choosing to attend college, Jean was not able to continue working as an electrician; as a result, she gave up more than $85,000 in earnings while she was in college. 0 Because Mary is now being paid a higher wage, she can afford to buy a new car even though she is moving into a bigger apartment Question 21 2.5 pts Productive inefficiency implies that O it is possible to obtain gains in one area without losses in another. O it is impossible to obtain gains in one area without losses in another. O there are too many resources. O there are too few resources.D Question 22 2.5 pts An \"increase in demand" means that O the demand curve has shifted to the right. 0 the demand curve has shifted to the left. 0 the price of the good can be expected to decline, assuming supply stays constant. 0 price has declined and consumers want to purchase more otthe good. Question 23 2.5 pts A bus pass is an inferior good. If people's incomes increase but other things remain the same, you predict that the O Supply for bus passes will increase and the price will fall. O Supply for bus passes will increase and the price will rise. O demand for bus passes will increase and the price will fall. O demand for bus passes will decrease and the price will fall