As you move down the production possibility frontier, the absolute value of the marginal rate of transformation
A. increases.
B. initially decreases, then increases.
C. decreases.
D. initially increases, then decreases.
Answer: A
You might also like to view...
The unemployment rate equals
A) (number of people without a job ÷ population)× 100. B) (number of people without a job ÷ working-age population) × 100. C) [(working-age population - number of people employed) ÷ labor force] × 100. D) (number of people unemployed ÷ labor force) × 100. E) (number of people unemployed ÷ population) × 100.
If U.S. consumers decrease their demand for German goods, this would have what effect Dif: 3 on the foreign exchange market for euros?
a. decrease in demand b. increase in demand c. no effect d. decrease in supply e. increase in supply
Suppose the official unemployment rate is 10 percent. We can conclude without question that
Why would illegal immigration have an effect on the prices of goods and services produced by illegal workers? Who benefits from these lower product and service prices?
What will be an ideal response?