The information on a demand curve is also on a(n)
A) indifference curve.
B) budget constraint.
C) income-consumption curve.
D) price-consumption curve.
Answer: D
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The figure above shows Prakash's and Gail's production possibilities frontiers for writing books and magazine articles
a. What is Prakash's opportunity cost of a book? What is Gail's opportunity cost? Who has the comparative advantage in writing books? b. Who has the comparative advantage in writing magazine articles? c. According to their comparative advantages, who should write books and who should write magazine articles?
M1 includes all but which of the following?
A) savings deposits. B) currency in the hands of the public. C) transactions accounts. D) travelers checks.
Regulatory agencies always protect consumers by forcing regulated firms to sell at the lowest possible price
a. True b. False Indicate whether the statement is true or false
One of the key factors in the economic success of South Korea was
a. an increase in years of schooling. b. a reduction in the amount of imports. c. the creation of new technology. d. all of the above.