Question 36 (1 point) Figure 36-29 400 360 320 280 240 Peru's PPF CASHEWS (Pounds) 200 160 120 80 40+ 1 2 3 4 5 6 7 8 9 10 PEANUTS (Pounds) Refer to Figure 36-29. If the production possibilities frontier shown is for 32 hours of production, then how long does it take Peru to make one pound of peanuts? O 1/32 hour 1/4 hour 4 hours 3 hours Question 38 (1 point) If the nominal exchange rate is expressed as foreign currency per dollar, which of the following would both make Americans more willing to buy Italian goods? The nominal exchange rate falls, the price of goods in Italy falls. falls, the price of goods in Italy rises, rises, the price of goods in Italy falls. Orises , the price of goods in Italy rises, Question 39 (1 point) If a country experiences real economic growth of 12% per year, it can go from being one of the poorest to one of the richest in O one generation. In the last couple of decades China's growth rate has been higher than 12% one generation. However, in the last couple of decades not even China's growth rate has been this high. three generations. In the last 75 years China's growth rate has been higher than 12%. three generations. However, in the last couple of decades not even China's growth rate has been 12%