Question 14 Suppose that during their winter break, Sarah J. and Kaitlyn D. want to go, from Duluth, to the beaches in Padre Island, near Corpus Christi, in Texas, to a dance competition, To make sure they get there, they use one of the models discussed in class: a map. Which of the following best describes an example of an assumption that is consistent with Sarah J. and Kaitlyn D's objectives? OInfo

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: Frontiers Of Microeconomics
Section: Chapter Questions
Problem 6PA
icon
Related questions
Question

14,15

omic analysis.
Question 14
Suppose that during their winter break, Sarah J. and Kaitlyn D. want to go, from Duluth, to the
beaches in Padre Island, near Corpus Christi, in Texas, to a dance competition. To make sure they
get there, they use one of the models discussed in class: a map. Which of the following best
describes an example of an assumption that is consistent with Sarah J. and Kaitlyn D's
objectives?
O Informarion about the name of every town/city on their way to Texas will help Sarah J. and Kaitlyn D. to
make sure that they are taking the right roads.
O Because highway I-35 goes all the way to Texas, Sarah J. and Kaitlyn D. omit information about other
roads in all states between Minnesota and Texas.
O Because the ocean should be easily seen from the interstate highway, Sarah J. and Kaitlyn D. omit
information about the smaller roads near Corpus Christi.
O Information about Canadian and Mexican roads will give Sarah J. and Kaitlyn D. a broader perspective of
their trip and, therefore, will contribute to enrich their experience.
Question 15
Which of the following transactions does not take place in the markets for factors of production
in the circular-flow diagram?
a woman buys corn for dinner.
a landowner leases land to a farmer.
O a farmer hires a teenager to help with harvest.
O a construction company rents trucks for its business.
Transcribed Image Text:omic analysis. Question 14 Suppose that during their winter break, Sarah J. and Kaitlyn D. want to go, from Duluth, to the beaches in Padre Island, near Corpus Christi, in Texas, to a dance competition. To make sure they get there, they use one of the models discussed in class: a map. Which of the following best describes an example of an assumption that is consistent with Sarah J. and Kaitlyn D's objectives? O Informarion about the name of every town/city on their way to Texas will help Sarah J. and Kaitlyn D. to make sure that they are taking the right roads. O Because highway I-35 goes all the way to Texas, Sarah J. and Kaitlyn D. omit information about other roads in all states between Minnesota and Texas. O Because the ocean should be easily seen from the interstate highway, Sarah J. and Kaitlyn D. omit information about the smaller roads near Corpus Christi. O Information about Canadian and Mexican roads will give Sarah J. and Kaitlyn D. a broader perspective of their trip and, therefore, will contribute to enrich their experience. Question 15 Which of the following transactions does not take place in the markets for factors of production in the circular-flow diagram? a woman buys corn for dinner. a landowner leases land to a farmer. O a farmer hires a teenager to help with harvest. O a construction company rents trucks for its business.
Expert Solution
Step 1

Hi! thanks for the question but as per the guidelines we can answer only one question. So I am answering the first one. Kindly repost the other question separately.

trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Nash Equilibrium
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Microeconomics
Principles of Microeconomics
Economics
ISBN:
9781305156050
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning