ap_micro_economics_2005_mc

AP Micro Economics 2005Section IMICROECONOMICSSection ITime − 70 minu tes60 qu estionsDirections: Each of the questions or incomplete statements below is followed by five suggested answers or comple-tions. Select the one that is best in each case and then fill in the corresponding oval on the answer sheet.1. A professor hires two aides, assigning them thetasks of reading student papers and of typing lec-ture notes on a computer. One of the aides, Ben,can read 1 page of a student paper per minute ortype 50 words of 1 lecture notes per minute, andthe other aide, Ann, can read 3 pages of a studentpaper per minute or type 60 words of lecture notesper minute.Which of the following statements is true?A. Ann has a comparative advantage inreading student papers, and Ben has acomparative advantage in typing lecturenotes.B. Ann has an absolute advantage in read-ing student papers, and Ben has an ab-solute advantage in typing lecture notes.C. Ben has a comparative advantage inreading student papers, and Ann has acomparative advantage in typing lecturenotes.D. Ben has a comparative advantage in bothreading student papers and typing lec-ture notes.E. Ben has an absolute advantage in bothreading student papers and typing lec-ture notes.2 According to the graph above, if a country is cur-rently producing at point X, the opportunity costof producing another consumer good isA. 20 capital goodsB. more than 20 capital goodsC. fewer than 20 capital goodsD. 20 consumer goodsE. fewer than 20 consumer goodsc2005−Compiled by DAN LI1GO ON TO THE NEXT PAGE 1AP Micro Economics 2005Section I3 To alleviatea financialcrisis, a university increasesstudent fees. This action will increase universityrevenues if the price elasticity...