A change in relative factor prices will always result in
A) a change in the slope of the isoquants.
B) a tangency between the new isocost line and a new isoquant.
C) a rotation of the isocost lines.
D) All of the above.
C
Economics
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Deciding how a society's products are distributed among its citizens answers the economic question of
A) how will the products be produced. B) where will the products be consumed. C) what products will be produced. D) who consumes the products produced.
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When the actual unemployment rate is greater than the NAIRU, the inflation rate
A) remains unchanged. B) tends to increase. C) falls to zero. D) tends to decrease.
Economics