The slope of an isoquant measures
A) the ratio of the marginal utility of the two inputs.
B) the price ratio of the two inputs.
C) the rate at which inputs can be substituted for each other keeping total output constant.
D) the average product of labor.
C
Economics
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In the figure above, if the marginal propensity to import increased, the aggregate expenditure lines would ________ and the multiplier would ________ in value
A) become less steep; fall B) become less steep; rise C) become steeper; rise D) not change; fall E) not change; rise
Economics
A secondary market is one in which
A) new securities are issued. B) financial intermediaries make loans. C) savers place funds in financial intermediaries. D) existing securities can be bought and sold.
Economics