A graph with a positive slope indicates that the variables depicted on the axes move in the same directions.
Answer the following statement true (T) or false (F)
True
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The relationship between interest rates and investment spending is graphed as
A) a vertical line. B) a horizontal line. C) an upward sloping curve. D) a downward sloping curve.
Points outside the production possibilities frontier represent infeasible levels of production
a. True b. False Indicate whether the statement is true or false
Technological knowledge
a. is the same thing as human capital. b. can be discovered but it can never be kept secret. c. is a determinant of productivity. d. does not play a role in the relationship that economists call the production function.
Why is it important that a firm can prevent resale of its product if it wishes to engage in price discrimination?
What will be an ideal response?