Can you please help me answer these questions? Pomts i Save Answer Question 1 Yo
ID: 1176627 • Letter: C
Question
Can you please help me answer these questions?
Pomts i Save Answer Question 1 You have noticed that there is an increase in the number of homeless people in your city. At the same time you observe that there are also a number of vacant apartments. You believe that the government could reduce the number of homeless people if landlords were required to rent their apartments for less than they are currently charging. This policy recommendation would be motivated by concerns over A. efficiency B. equity C. economic growth. D. stability 2 points Save Answer Question 2 All economists define economics as the study of choice under conditions of scarcity. True False 2 points Save Answer Question 3 Which of the following would an economist classify as capital? A. a $50 bill B. a corporate bond C. a post office employee D. a guitar used by a musician 2 points Save Answer Question 4 The table below represents five points on the production possibility frontier for the small country of Bistro, which produces only crackers (measured in thousands of boxes) and cheese (measured in thousands of pounds): A B C D E 0 40 30 20 10 Crackers 0 10 15 20 Cheese What is the opportunity cost of moving from B to D? A. 10 crackers B. 20 crackers C. 10 cheese D. 5 cheese 2 points Save Answer Question 5 An improvement in technology will cause the A. production possibility frontier to shift inward. B. production possibility frontier to shift outward. C. economy to move closer to its production possibility frontier D. economy to move down the production possibility frontier.Explanation / Answer
1 B
2 B
3 D
4 B
5 B
6 D
7 B
8 B
9 D
10 B