Slo Test Essay

878 Words4 Pages
* Question 1 1 out of 1 points | | | Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.2 shows how much of each good Jesse and April can paint in one hour. Which of the following is true?Answer | | | | | Selected Answer: | Jesse has an absolute advantage in painting neither good. | Correct Answer: | Jesse has an absolute advantage in painting neither good. | | | | | * Question 2 1 out of 1 points | | | Refer to Table 4.1, which shows Flo's and Rita's individual supply schedules for frozen latte-on-a-stick. Assuming Flo and Rita are the only suppliers in the market, what is the market quantity supplied at a price of $2?Answer | | | | | Selected Answer: | 3 | Correct Answer: | 3 | | | | | * Question 3 0 out of 1 points | | | Given the data in Table 6.1, the labor force participation rate of Metropolis is approximatelyAnswer | | | | | Selected Answer: | 91 percent. | Correct Answer: | 96 percent. | | | | | * Question 4 0 out of 1 points | | | Using the information in Table 6.2, the Astro Price Index for 2008 isAnswer | | | | | Selected Answer: | 189. | Correct Answer: | 100. | | | | | * Question 5 0 out of 1 points | | | Refer to Table 18.1. The opportunity cost of a glove in Panama isAnswer | | | | | Selected Answer: | 8 hats. | Correct Answer: | 3/4 of a hat. | | | | | * Question 6 0 out of 1 points | | | Figure 1A.1 Refer to Figure 1A.1. The slope of the line between the points where income equals 50 and income equals 200 isAnswer | | | | | Selected Answer: | 10. | Correct Answer: | 5. | | | | | * Question 7 0 out of 1 points | | | Figure 2.1 The production possibilities curve in Figure 2.1 illustrates the

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