If Mexico experiences a period of stable prices while the United States experiences rapid inflation, what will happen in Mexico?

Consider a production possibility frontier with jeans on the vertical axis and shoes on the horizontal axis. As the country moves along the frontier closer to the horizontal axis,

A) free lunches occur. B) more shoes are produced. C) more tradeoffs occur. D) more jeans are produced. E) the country eventually chooses an unattainable point.

A consumer has maximized his or her utility by consuming

A) at the midpoint of the budget constraint line. B) at the midpoint of the demand curve. C) so that the total utility of all goods consumed is the same. D) so that the ratio of marginal utility to price is the same for all goods consumed.