Table: Production in China and the United States Labor Hours Required to Produce: One Tablet One Computer China 2 5 United States 1 4 According to the table on labor hours, China’s and the United States’ opportunity costs for tablets are ______ and ______ respectively. China has the comparative advantage in _______ and the United States has the comparative advantage in ________.

Figure: Supply of full-time workers In the figure, the initial supply curve is S1. Say that MU institutes a policy stating that students cannot work in any full-time positions for the university in an effort to foster a higher average gpa. Which of the following would happen to the supply of workers in full-time positions at MU?

If gasoline prices remain high long enough, people will arrange to do more telecommuting. This would be an example of why the elasticity of:

Table: Production of Tablets and Computers for China and the United States Tablets Computers China 50 10 United States 40 5 Which of the following trade prices would be mutually acceptable between China and the United States?

Table: Textbooks Producer Minimum Willingness to sell Macmillian $75.65 McGraw-Hill $65.99 Pearson $67.99 Oxford Press $83.75 The table shows the minimum willingness to sell for four textbook producers. If each company can sell 10 textbooks at the market price of $66.50 per textbook, what is the total producer surplus in this market?

Brent has been saving up money for months to buy a new gaming console, but he can’t decide which one to buy. He could buy the more expensive and powerful Sony PlayStation 5 along with two games, or choose the less powerful Nintendo Switch and be able to afford six games. He only has $600 saved up and knows that he can only choose one.   Which big idea of economics does this scenario illustrate?

Figure: Housing Elasticities Consider the housing market in Columbia, where the initial demand for housing is represented by the curve D1. Due to a 90% increase in demand for housing, the demand curve shifts outwards to D2. After the shift in demand, the observed market price for housing increases by 46.6%. Based on this information, which of the supply curves represents the supply of housing? If the quantity of housing supplied only increased 10%, what is the elasticity of supply? Based on your answers, does Columbia have an open-access or a closed-access housing market?

Which of the following is an example of thinking at the margin?

According to MyPlate and the 2020-2025 Dietary Guidelines for Americans, when choosing grain-based foods, at least how many selections each day should be whole grain instead of refined grain?

All but one of the following increase the likelihood that excess Calories will be stored as fat in the area of the body that increases the risk of atherosclerotic cardiovascular disease, hypertension, type 2 diabetes, and many cancers? Which one of the following does NOT lead to fat being stored in the area that is harmful to health?