The given data indicate that production in:
Answer the question on the basis of the following production possibilities tables for two countries, Latalia and Trombonia:
A. both Latalia and Trombonia is subject to constant opportunity costs.
B. Trombonia is subject to decreasing costs, but production in Latalia occurs under increasing
opportunity costs.
C. Latalia is subject to increasing costs, but production in Trombonia occurs under constant
opportunity costs.
D. both Latalia and Trombonia are subject to the law of increasing opportunity costs.
A. both Latalia and Trombonia is subject to constant opportunity costs.
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If a perfectly competitive firm has a 70 percent probability of a high demand of $5 and a 30 percent chance of a low demand of $4, what is the firm's expected marginal revenue?
A) $4.50 B) $4.70 C) $1.20 D) $3.50
A choice architect is someone who:
A. designs areas that have a lot of choices in determining how the space is used. B. determines how people should make decisions inside of a specific environment. C. is in a position to shape the decision-making environment. D. determines which choices are available to builders in a specific area.
In 2009 __________ agreed to pay $2.3 billion to settle civil and criminal allegations that it had illegally marketed its painkiller, Bextra.
Fill in the blank(s) with the appropriate word(s).
An increase in government spending will likely have which of the following effects?
A) a rightward shift in the IS curve B) a leftward shift in the IS curve C) an upward shift in the LM curve D) a downward shift in the LM curve