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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A) aggregate output; wages B) aggregate output; employment C) wage rates; wages D) wage rates; employment
In Figure 3-7 above, the multiplier for a change in autonomous taxes is
A) 5. B) 4. C) 2.50. D) 1.
Garbage is scarce because it is abundant
a. True b. False Indicate whether the statement is true or false
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