The indifference curve in the above figure
A) could illustrate a person's preferences for identical computer disks made by two different companies.
B) could illustrate a person's preferences for right-handed and left-handed gloves.
C) has a marginal rate of substitution that at first decreases and then increases.
D) None of the above statements is correct.
A
You might also like to view...
In the loanable funds framework, the ________ curve of bonds is equivalent to the ________ curve of loanable funds
A) demand; demand B) demand; supply C) supply; supply D) supply; equilibrium
According to the newly established GHG regulations, new or modified stationary sources of GHGs
a. would immediately face stringent emissions limits, regardless of their contribution to GHG emissions b. would be subject to the New Source Review requirements c. are required to eliminate all GHG emissions d. none of the above
Economic growth may overstate changes in the standard of living if
A. the number of students attending college is increasing. B. the average workweek is increasing. C. people are retiring at a younger age. D. expected life spans are increasing.
How would the value of output produced at an American-owned factory in the United States and a foreign-owned factory in the United States be treated in GDP accounting?
What will be an ideal response?