Karla (25) is unmarried and was a full-time student from january through june. karla worked part-time but did not provide more than 50% support for herself or her son, sam (1). karla and sam lived with karla's parents, ron (48) and sue (47), the entire year. karla's wages were $7,204. ron's wages were $52,013; sue's wages were $38,750; sam's income was $350. karla will allow her parents to claim sam this year. karla, sam, ron, and sue had health care coverage all year through ron's employer. ron and sue are not claiming any education or retirement savings contribution credits on their married filing jointly return.

a. what is the sum of karla’s standard deduction and her personal exemptions? b. what is the sum of ron and sue’s standard deduction and their personal exemptions? c. what is the amount of karla’s earned income credit?

Nominal gross domestic producta. is a measure of the overall level of pricesb. measures the value of final goods and services produced within the borders of a given country during a given time period using current pricesc. measures the value of final goods and services produced within the borders of a given country during a given time period corrected for changing pricesd. only changes when the level of output changes

The price of trade suppose that portugal and sweden both produce rye and wine. portugal's opportunity cost of producing a bottle of wine is 4 bushels of rye while sweden's opportunity cost of producing a bottle of wine is 10 bushels of rye. by comparing the opportunity cost of producing wine in the two countries, you can tell thatportugal/sweden has a comparative advantage in the production of wine.andportugal/sweden has a comparative advantage in the production of rye. suppose that portugal and sweden consider trading wine and rye with each other. portugal can gain from specialization and trade as long as it receives more rye for each bottle of wine it exports to sweden. similarly, sweden can gain from trade as long as it receives more bottles of wine for each bushel of rye it exports to portugal. based on your answer to the last question, which of the following prices of trade (that is, price of wine in terms of rye) would allow both sweden and portugal to gain from trade? a. 1 bushels of rye per bottle of wineb. 8 bushels of rye per bottle of winec. 9 bushels of rye per bottle of wined. 3 bushels of rye per bottle of wine

What could cause a production possibilities curve to move down and to the left? a.) a nation loses land after being defeated in a war. b.) an increase in the use of computer technology speeds up production c.) a baby boom 20 years ago results in a large number of young adults in the population today. d.) thousands of investors from overseas invest money in a nations economy.