Refer to Table 9-5. Select the statement that accurately interprets the data in the table
A) Madison has a greater opportunity cost than Austin for making tacos.
B) Austin's opportunity cost for making tacos and making empanadas are both greater than Madison's.
C) Austin has a greater opportunity cost than Madison for making empanadas.
D) Madison's opportunity cost for making tacos is less than Austin's.
D
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Which of the following should be used to compare the incomes of countries with equal population but different unemployment rates?
A) Gross national product B) PPP-based measure of income per capita C) Income per worker D) Exchange rate-based measure of income per capita
In 1991 the unemployment rate in the United States rose to 7.1 percent. This is ________ the unemployment rate reached in the depths of the Great Depression
A) about two percentage points more than B) roughly equal to C) about three percentage points less than D) about half of E) less than one-third of