The property that rules out indifference curves that cross is:
A. independence.
B. completeness.
C. diminishing marginal rate of substitution.
D. transitivity.
Answer: D
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Over ninety-five percent of all new businesses that open each year in the United States employ ________ workers
A) only one or two B) fewer than 20 C) 50 or more D) over 100
How was South Korea able to become one of the East Asian Economic Miracles?
What will be an ideal response?
If the prices of substitutes for apples should rise and nothing else changes, then:
(a) The demand for apples will tend to increase. (b) The supply of apples will almost certainly increase. (c) The demand for apples will probably fall. (d) The demand for, and supply of, apples will fall.
All of the following are forms of social regulation EXCEPT
A. the Occupational Safety and Health Administration regulating workplace safety. B. the Environmental Protection Association regulating automobile emissions. C. the Food and Drug Administration regulating the quality of drugs. D. the Public Utility Commission regulating the price of telephone service.