Refer to the information provided in Figure 6.15 below to answer the question that follows. Figure 6.15Refer to Figure 6.15. If the price of a hot dog is $4, Jason's income is

A. $50.
B. $400.
C. $600.
D. indeterminate because the price of sandwiches is not given.

Answer: B

Economics

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In general, the more resources that are devoted to technological research, the

A) greater is current consumption. B) higher is the unemployment rate. C) faster the PPF shifts outward. D) more the PPF will bow outward.

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A country would achieve faster growth by ________

A) encouraging free trade B) increasing the cost of education C) increasing union membership D) taxing income and not consumption

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