ECON QUESTIONS please help me?

J asked:


28. Changes in the following variable DO NOT shift the demand curve for a good:
a. The price of the good.
b. Prices of other related goods.
c. The income of consumers.
d. The tastes of the consumers.
e. The expected future price of the good.

29. Modern economic growth is correlated
a. with the gradual reduction of the public sector as a share of GDP.
b. with an increase in the size of the public sector.
c. with a reduction in regulation and other government interference in business.
d. a and c.
e. All of the above

30. To counter external shocks, it would be advisable for a developing country
a. to rely on short-term capital movements in financing its investments.
b. to eliminate all barriers to imports.
c. to improve the credibility of its state apparatus.
d. to deregulate its banking system and rely on dollar-denominated financing.
e. All of the above.

31. Robinson takes 8 hours to write a computer program and 6 hours to produce a pair of jeans. Xena takes 4 hours to complete either task. Which of the following statements is INCORRECT?
a. Xena has the AA (Absolute Advtantage) producing both jeans and writing computer programs.
b. If they were to specialize and trade, Robinson would produce jeans.
c. Robinson has the AA producing both jeans and writing computer programs
d. Xena has the Comparative Advantage in writing computer programs.
e. Xena has the AA in producing jeans.

32. A point outside a production possibilities frontier
a. indicates that some resources are unemployed.
b. is unattainable for production purposes.
c. is worse than points on the production possibilities frontier.
d. implies that too much capital and not enough labor are used.
e. None of the above.

33. Suppose that to produce one pound of rice in Japan requires 3 hours of labor, whereas in the U.S. it requires 1 hour of labor. As a result, we can conclude that
a. Japan has a comparative advantage (“CA”) in producing rice.
b. The U.S. has the absolute advantage in producing rice.
c. Japan has the absolute advantage in producing rice.
d. The U.S. has a CA in producing rice.
e. None of the above.

Bernice