What is THE most important thing when restraining any animal?

Suppose there is a simple one good economy that only produces spinning rims. In 2015, the economy was able to produce 1 million sets of spinning rims at an amazing price of $500 per set. In 2016, the economy was able to produce 1 million sets of spinning rims at a price of $1,000 per set. By what amount did real GDP increase between 2015 and 2016 in the simple one good economy?

Which of the following is NOT part of an animal’s signalment?

Suppose that we have two countries the United States and Japan with their respective production possibility curves with two goods: computers and medical devices.  The United States’ computer intercept is 2,000,000 computers and its medical device intercept is 400,000 medical devices. The Japanese computer intercept is 1,000,000 computers and its medical device intercept is 500,000 medical devices.  If the two countries decide to engage in trade which country should produce medical devices?

Refer to the graph below. Which of the shifts explains what would happen to the production possibility curve if restrictions were imposed on tuna fishing?

In today’s globalized economy a worker’s reservation wage in Vietnam tends to be lower than the reservation wage of many workers in developed and wealthy countries.

Adidas decides to invest $100,000,000 into a shoe factory in Vietnam from its money market account.  The money market account was earning 1% in interest per year or $1,000,000.  Adidas could have also earned $400,000 from investing the $100,000,000 in a watch factory. What is its opportunity cost for Adidas based off of the information in presented this situation?

Take a look at the data shown below. What types of data are shown here? Choose all correct answers.

The economy is at a point below the production possibilities curve. What is the most likely explanation for this?

Which of the following has been an effect of globalization and a large trade deficit?