In the figure above, the marginal rate of substitution (MRS) at point A is equal to ________ pounds of pickles per pound of olives

The above figure shows the U.S. market for wheat. With international trade, ________ is the transfer of surplus from consumers to producers

A) area B + area C B) area D C) area C + area F D) area C + area D E) area B + area C + area D

If the nominal wage is $12 per hour and the price level (as measured by a price index) is 2, it follows that the real wage is _________ per hour

A) $24.00 B) $6.00 C) $2.50 D) $14.00. E) none of the above