Two countries, Alpha and Beta, have identical production possibilities frontiers illustrated above. If Alpha produces at point a and Beta produces at point b, then ________.
A) Beta's economic growth rate will exceed Alpha's
B) Alpha consumes less than Beta today, but it will grow faster than Beta
C) Alpha's and Beta's economic growth rates will be the same
D) Beta's future consumption will be greater than Alpha's
Question 2
If a price hike of 5 percent increases the quantity demanded of another good by 2 percent, the goods must be ________ and the cross elasticity of demand equals ________.
A) substitutes; 0.40
B) substitutes; 2.5
C) complements; 0.40
D) complements; 2.5
Zygotic life cycle, illustrated by the unicellular flagellate genus Chlamydomonas
Dentition, as illustrated in Knight's Sketches in Natural History
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Block Diagram of a High Concentrate Nitric Acid System for Dual-Stage Pressure Production of Nitric
Human salivary alpha amylase test.
Role of Factors of Production in Determining Growth, 1975–2009