If the CPI basket of goods cost $200 in the reference base period and $450 in a later year, the CPI in the later year equals

The above figure shows one of Sam's indifference curves between gasoline and coffee. Which of the following about a movement along Sam's indifference curve is CORRECT?

A) As he moves leftward along the curve, he likes the combinations of gasoline and coffee better and better. B) As he moves rightward along the curve, he likes the combinations of gasoline and coffee better and better. C) He likes all combinations of gasoline and coffee along the curve equally well. D) None of the above is true.

Convergence is a pattern in which:

a. low-income and middle-income economies grow faster than those of high-income countries. b. high-income economies grow faster than those of low-income and middle-income countries. c. Western economies grow faster than Eastern economies. d. Eastern economies grow faster than Western economies.