An indifference curve is:

a. downward sloping and concave to the origin.
b. downward sloping and convex to the origin.
c. upward sloping and concave to the origin.
d. upward sloping and convex to the origin.


b

Economics

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What will be an ideal response?

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In a two good, two-country world, a country has a comparative advantage in any good for which it has a:

a. lower absolute cost than the other country. b. lower opportunity cost than the other country. c. higher absolute cost than the other country. d. higher opportunity cost than the other country.

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Banks can borrow reserves from each other through:

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Economics