The slope of an indifference curve is ____ and a movement along the curve causes the loss in marginal utility (MU) of one good to ____ the marginal utility (MU) gained from another good
a. zero; maximize
b. positive; exceed
c. concave; reduce
d. negative; equal
d
Economics
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If the MPC is 0.8, then the MPS is
A) 0.2. B) 1. C) 5. D) 8.
Economics
Country A has a GDP of $300 billion and a population of 10 million, while Country B has a GDP of $3 trillion and a population of 200 million. The per capita GDP in Country A and Country B are _____ and _____, respectively
a. $30,000 . $15,000 b. $15,000 . $30,000 c. $15,000 . $7,500 d. $7,500; $15,000
Economics