Perfect substitutes
A) always have indifference curves with slopes of -1.
B) always have indifference curves with slopes of 1.
C) have fixed rates of trading off one good for another.
D) have horizontal indifference curves.
C
Economics
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Which term describes the process of examining the physical outputs to the physical inputs of a given production process?
a. production function b. aggregate production function c. human capital d. physical capital
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Government attempts to lower, raise, or simply stabilize prices can:
A. reduce efficiency of a market. B. shift the distribution of surplus. C. create unintended side effects. D. All of these are true.
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