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?

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

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

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

Lower element is in the periodic table – the larger is its atomic radius.

99% of seroconversion happens in 6 months. 

After a patient dies of ovarian cancer, her daughter says to the nurse, you will probably think I’m a terrible person, but I’m glad she can finally rest peacefully.  Which response by the nurse is best?

Suppose there is a simple one good economy that only produces spinning rims. In 2004, the economy was able to produce 500,000 sets of spinning rims at an amazing price of $100 per set. In 2005, the economy was able to produce 500,000 sets of spinning rims at a price of $200 per set. By what amount did real GDP increase between 2004 and 2005 in the simple one good economy?

Many people say that certain colors affect your mood. Some people even carefully plan the colors they paint on the walls in their home in an attempt to create an environment that puts them in a certain mood, such as calm (purple) or energized (orange). To test this idea, Sasha visited 15 doctor’s offices. She painted the waiting rooms in 5 of them blue, she painted 5 of them red, and she painted another 5 green. Afterwards, she had the doctor’s offices give surveys to every patient after they had been in the waiting room for 10 minutes. The surveys asked the patients to circle words that represent how they are feeling. The options included: calm, distressed, energized, joyful, frustrated, content, and bored. The blue waiting rooms represent a(n) ____________ group.