As an individual moves northwest along an indifference curve substituting more and more Y for X, his or her MRS of X for Y
a. increases.
b. decreases.
c. stays the same.
d. changes in a way that cannot be determined.
a
Economics
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Which of the following can NOT be discussed in a job interview?
a. education and degrees b. children c. previous wages d. personality
Economics
Over time, nations tend to converge to
A) the same balanced growth path and same income per capita. B) the same balanced growth path but varying income per capita. C) different balanced growth paths but the same income per capita. D) different balanced growth paths because of varying income per capita.
Economics