The slope of the utility possibilities frontier is
A) positive.
B) negative.
C) zero.
D) undefined.
B
You might also like to view...
Explain how to calculate the slope of a non-linear function. What does the slope measure?
What will be an ideal response?
If inflation falls from 11% to 5%, there is deflation
Indicate whether the statement is true or false
There is no unified economic theory of how to construct the institutions that are central to the success of capitalism
a. True b. False
Answer the following statements true (T) or false (F)
1. According to the circular flow model of the market system, when resource-owners' money income is rising, then the costs to business firms must be falling. 2. Have a high fixed salary is what motivates entrepreneurs to make prudent decisions is dealing with business risk. 3. Government bailouts of failing businesses, like banks during the recent economic crisis, will tend to reduce the motivation among entrepreneurs to make prudent decisions is dealing with business risk. 4. College graduates who dislike business risk will mostly seek to be hired by firms as labor, rather than starting their own firms.