If Farmer Sam MacDonald can produce 200 pounds of cabbages and 0 pounds of potatoes or 0 pounds of cabbages and 100 pounds of potatoes and faces a linear production possibilities curve for his farm, the opportunity cost of producing an additional pound of potatoes is _____ _ pound(s) of cabbage.

Your favorite uncle advises you to purchase long-term bonds because their interest rate is 10%. Should you follow his advice?

What will be an ideal response?

If X and Y are complementary goods, the demand curve for X will shift to the right when the price of Y increases

a. True b. False Indicate whether the statement is true or false