The marginal rate of transformation is the
A. dollar value of the best forgone alternative.
B. transformation of resources into a form that is useful to people.
C. process of using resources to produce new capital.
D. slope of the production possibility frontier.
Answer: D
Economics
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Define marginal benefit. Explain how it is measured and why the data in the table does not enable you to calculate Brazil's marginal benefit from food
What will be an ideal response?
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Famines in sub-Saharan Africa:
A. are solely the result of unalterable weather conditions. B. have become less common in recent decades. C. are the result of drought, civil strife, large populations, and inappropriate public policies. D. are solely the result of government policies that overprice agricultural products.
Economics