Relative to a closed economy, if Utopia opened itself to trade domestic tile producers would 
A. produce 150 fewer cases of tile.
B. produce the same amount of tile.
C. produce 100 fewer cases of tile.
D. produce 150 more cases of tile.
Answer: C
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Consumers have been buying fewer CDs as downloadable music has become easier to purchase and use. We would represent this as
A) a leftward shift of the demand curve for CDs. B) a rightward shift of the demand curve for CDs. C) a change in the price of CDs. D) a leftward shift of the supply curve for downloadable music.
Figure 2-10
Consider the production possibilities frontier for food and clothing in . A movement from point J to point K could be caused by
a.
the development of new and better technology
b.
increasing unemployment
c.
the movement of society into a recession
d.
the law of increasing opportunity costs
e.
eliminating productive inefficiency