The figure above shows Freda's PPF. Freda currently produces 10 packets of fudge and no cookies. If Freda decides to produce 1 packet of cookies, her opportunity cost of the packet of cookies is ________ of fudge

Which of the following will lead to a leftward shift in the U.S. SRAS curve?

A) a decrease in foreign input prices B) an appreciation of the dollar C) a depreciation of the dollar D) a and b E) none of the above

In a graph showing the market supply and demand for British pounds in terms of U.S. dollars, the demand-for-pounds curve is downsloping because:

A. Fewer British pounds can be purchased if pounds become less expensive B. Fewer U.S. dollars can be purchased if British pounds become less expensive C. More U.S. dollars can be purchased if British pounds become more expensive D. More British pounds can be purchased if pounds become less expensive