Suppose that solange and jay-z could each make either new york–style pizza or philly cheesesteaks. given an eight-hour workday, which of the following would permit them to consume outside their respective production possibilities frontiers (ppfs)
a. a decrease in resources
b. a decrease in technology
c. efficient use of all their productive resources
d. an "empire state" of mind

Suppose a starbucks tall latte cost $4.00 in the united states, 5.00 euros in the euro area and $2.50 australian dollars in australia. nominal exchange rates are .80 euros per dollar and 1.4 australian dollars per u. s. dollar. where does purchasing power parity hold? a. both the euro area and australia. b. neither the euro area or australia. c. the euro area but not australia. d. australia but not the euro area.