-Suppose Puerto Rico and Hawaii Currently Have the Same Production

question 5

Multiple Choice

-Suppose Puerto Rico and Hawaii currently have the same production possibilities so that the above figure is the PPF for hotels and consumption goods in the two areas.Hotels are a capital good that,once built,will help produce still more consumption goods..According to the figure,which island will have more rapid economic growth?

• A) Hawaii
• B) Both Hawaii and Puerto Rico will grow at the same speed.
• C) Puerto Rico
• D) Neither Hawaii nor Puerto Rico will grow.
• E) More than one of the above answers is correct.

Grasp the concept of sampling and generalization from sample to population.

Develop the ability to identify and formulate research questions and hypotheses.

Know the differences between directional and nondirectional hypotheses and tests.

Understand the process of hypothesis testing including the role of the null hypothesis.