The slope of a line is calculated by the
a. change in the value of x divided by the change in the value of y.
b. change the value of y divided by the change in the value of x.
c. horizontal distance divided by the vertical distance.
d. value of y divided by value of x.
Answer: B
Macroeconomics
- Suppose that a worker in Radioland can produce either 4 radios or 1 television per year, and a worker in Teeveeland can produce either 2 radios or 4 televisions per year. Each nation has 100 workers. Also suppose that each country completely specializes in producing the good for which it has a comparative advantage. If Radioland trades 100 radios to Teeveeland in exchange for 100 televisions each year, then each country's maximum consumption of new radios and televisions per year will be
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- Which of the following is an example of a normative statement?
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