Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point A to Point B is
A. -2/3.
B. -1.5.
C. -3.
D. -30.
Answer: B
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The data show that more than 60 percent of the total income earned in the United States goes to
A) labor. B) land. C) capital. D) entrepreneurshi
If K-12 education is determined to be an inframarginal positive externality, this means that K-12 education is being underproduced
a. True b. False
Figure 11-1
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In Figure 11-1, what can be concluded about the economy if production moves from Point D to Point A?
A. An improvement of calculator technology B. An increase in resources for producing other goods C. A reduction in the need for calculators in the economy D. A more equal distribution of resources in the economy
The nominal interest rate is determined by:
A. the point where the supply of money meets the demand for money. B. the Fed. C. the Treasury. D. inflation.