Vertical Publishing

I have a take home quiz and answered the questions and would like to check my answers 1. With the resources available, you can make the combinations of Ums and Umies (trinkets from a place called Bandarban) shown in the table. The opportunity cost of producing 60 Umies instead of 30 Umies is: A. 10 Ums. B. 20 Ums. C. 30 Ums. D. 40 Ums. 2. Refer to the graph below. Laura’s production possibility curve for math and economics problems in one night is shown in the graph. Her opportunity cost of finishing 6 math problems instead of 4 math problems is: A. 1 economics problem. B. 2 economics problems. C. 3 economics problems. D. 4 economics problems. 3. Increasing marginal opportunity cost means that the production possibility curve is: A. Bowed in so that for mostly all additional unit of one good given up you get less and less units of the other good. B. Bowed in so that for mostly all additional unit of one good given up you get , more and more units of the other good. C. Bowed out so that for mostly all additional unit of a good given up, you gain fewer and fewer units of the other good. D. Bowed out so that for mostly all additional unit of one good given up you get , more and more units of the other good. 4. Refer to the graph below. Given the production possibility curve, which point is unattainable? A. A B. B C. C D. D 5. Refer to the graph below. In the 1980s, desktop publishing reduced the costs of producing books. Assuming no change in the cost of producing CDs, which of the shifts reflects this change in technology? A. I B. II C. III D. IV 6. The text largely attributes the growth of economies over the last 2000 years to: A. The development of markets. B. The discovery of additional resources. C. A decrease in the size of the world population. D. Laissez-faire policies. 7. If there is a direct relationship between two variables, then the graph relating these two variables will be: A. Upward sloping. B. Downward sloping. C. Vertical. D. Horizontal. 8. In the linear equation y = mx + b, m is the: A. Variable on the horizontal axis. B. Variable on the vertical axis. C. Slope. D. Vertical intercept. 9. Two countries that specialize their production along the lines of comparative advantage and then trade with one another will be able to: A. Both produce and consume more. B. Produce more and consume less. C. Produce less and consume more. D. Both produce and consume less. 10. Mexico has a comparative advantage in producing corn: A. If its opportunity cost of producing corn is higher than the opportunity cost in other countries. B. If its opportunity cost of producing corn is the same as the opportunity cost in other countries. C. If its opportunity cost of producing corn is lower than the opportunity cost in other countries. D. Regardless of the opportunity cost in other countries. From what I can tell…1. C 2. B 3. (don’t know ) 4. ( no graph shown ) 5. ( no graph shown ) 6. ( no text shown ) 7. A 8. C 9. A 10. C hope this helped


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