Moe Divides His Time Between Studying Physics and Studying Economics

question 103

Multiple Choice

Moe divides his time between studying Physics and studying Economics.He has discovered that he can earn grades as shown on this production possibilities curve.
Refer to the figure above.Both of Moe's professors require at least a 65 to pass and a 90 to earn an A.After looking at his PPC,Moe realizes that:

• A)he can pass both classes.
• B)he can pass economics,but only if he fails physics.
• C)he can pass physics,but only if he fails economics.
• D)he could earn an A in economics and still pass physics.

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Definitions:

Trade Agreement

A formal arrangement between two or more countries to regulate tariffs, trade barriers, and other trade-related issues.

NAFTA

The North American Free Trade Agreement, a treaty between Canada, Mexico, and the United States that established a trilateral trade bloc in North America.

GATT

The General Agreement on Tariffs and Trade, a legal agreement between countries to promote international trade by reducing or eliminating trade barriers such as tariffs and quotas.

FTAA

The Free Trade Area of the Americas, a proposed agreement to eliminate or reduce trade barriers among all countries in the Americas, excluding Cuba.