Higher rates of substitution are indicated by _______ values of the marginal rate of substitution.
A. small negative
B. large negative
C. small positive
D. large positive
D. large positive
Economics
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In the United States, the most commonly cited measure of the price level is the consumer price index
Indicate whether the statement is true or false
Economics
Explain the three reasons the aggregate demand curve slopes downward
What will be an ideal response?
Economics
Marginal utility must be positive
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following are capital goods?
a. land and raw materials b. all manufactured goods c. automobiles and houses d. factories and machinery e. all goods consumed by both firms and households
Economics