Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point A to Point B is
A. -2/3.
B. -1.5.
C. -3.
D. -30.
Answer: B
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The rational-ignorance effect is a result of
What will be an ideal response?
International capital flows are:
A. exports plus imports. B. sales of domestic goods or services to foreigners. C. purchases of foreign goods or services. D. purchases or sales of real and financial assets across international borders.
Which is not an example of price discriminating by separating markets?
a. offering discounts for students with IDs. b. charging lower prices for airline tickets with a Saturday stay-over. c. selling 13 bagels (a "baker's dozen") for the price of 12. d. selling snowblowers at a discount in relatively warmer climates.
Since the slope of a downward-sloping demand curve is constant, the price elasticity of demand does not change when moving along this line
a. True b. False Indicate whether the statement is true or false