As more producers with differing marginal rates of transformation are added, the joint production possibility curve becomes
A) steeper.
B) flatter.
C) more convex to the origin.
D) smoother.
D
Economics
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An optimal two-part tariff pricing schedule maximizes consumer surplus
Indicate whether the statement is true or false
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Anything that causes the United States to buy more foreign goods shifts the foreign currency __________ curve to the __________
A) demand; right B) demand; left C) supply; right D) supply; left
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Total government revenues in the United States are about _____ percent of GDP
a. 25 b. 17 c. 45 d. 30
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The "principle of rival consumption" applies to which of the following?
A) national defense B) the free-rider problem C) the exclusion principle D) a private good
Economics