When the price of DVDs falls relative to movie and restaurant prices, and consumers buy more of the DVDs, economists call this

The magnitude of the slope of an indifference curve is the marginal

A) rate of substitution. B) rate of relative prices. C) utility of substitution. D) rate of utility of income.

The United Kingdom has a health care system under which the government owns most of the hospitals and employs most of the doctors

Indicate whether the statement is true or false