If all resources were perfectly adaptable for alternative uses, the production possibilities curve would

Sam decides to buy a $75 ticket to a particular New York professional hockey game rather than a $50 ticket for a particular Broadway play. We can conclude that Sam:

A) is relatively unappreciative of the arts. B) obtains more marginal utility from the play than from the hockey game. C) has a higher "marginal utility to price ratio" for the hockey game than for the play. D) has recently attended several other Broadway plays.

The process by which a quantity grows at a constant proportion in every time period is referred to as:

A) logarithmic growth. B) linear growth. C) vector growth. D) exponential growth.