Which of the following are most likely to have indifference curves that are L-shaped?

A. Coke and Pepsi
B. Ice cream and frozen yogurt
C. A white shirt and a blue shirt
D. Your textbook and its study guide

Answer: D

Economics

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Two nations, Alpha and Beta, can both produce steel. Alpha has a comparative advantage in the production of steel if it:

A. Can produce more steel than Beta B. Uses more steel than Beta C. Has a higher domestic opportunity cost of producing steel than Beta D. Has a lower domestic opportunity cost of producing steel than Beta

Economics

A standard that identifies a pollution limit to be achieved without defining the technology to be used is called a(n)

a. ambient standard c. technology-based standard b. performance-based standard d. efficient standard

Economics