Hughes and Cain (2011) effectively argue that advancements in power technology helped open new opportunities for the strategic placement of cities and big factories

If the prices of all goods and services rose, but the quantity produced remained unchanged, what would happen to nominal and real GDP?

A. Nominal and real GDP would both rise. B. Nominal and real GDP would both be unchanged. C. Real GDP would rise, but nominal GDP would be unchanged. D. Nominal GDP would rise, but real GDP would be unchanged.

Lou and Alex live together and share household chores. They like to cook some meals ahead of time and eat leftovers. The table below shows the number of rooms they can each clean and the number of meals they can each cook in an hour. Rooms CleanedPer Hour Meals CookedPer HourLou54Alex33If Alex and Lou work out an efficient arrangement for these two chores, then under that arrangement:

A. Lou would do all of the cleaning and all of the cooking. B. Alex would do all of the cleaning, while Lou would do all the cooking. C. Alex and Lou each would do half of the cooking and half of the cleaning. D. Lou would do all of the cleaning, while Alex would do all of the cooking.