Combinations of two goods along the indifference curve yield:
a. equal prices for the two goods.
b. equal marginal utilities.
c. the same total utility.
d. zero total utility.
c
Economics
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In a steady-state, sustained increases in the capital-to-labor ratio are only possible if
a. the savings rate increases. b. population growth decreases. c. depreciation decreases. d. technology increases. e. all of the above.
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Most U.S. firms face:
A. no competition at all. B. some degree of competition. C. perfect competition. D. market power resting in a few large firms in every industry.
Economics
consumption function
What will be an ideal response?
Economics
When government revenue is less than government spending, the nation has a:
A. government budget surplus. B. trade deficit. C. trade surplus. D. government budget deficit.
Economics