The value of the slope of a society's production possibility frontier is called its
A. inflation rate.
B. marginal rate of substitution.
C. unemployment rate.
D. marginal rate of transformation.
Answer: D
Economics
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The bulk of exports from non-industrial countries are
a. manufactured goods b. primary products c. agricultural goods d. natural resources e. raw sugar products
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In the long run, a year-long drought that destroys most of the summer's wheat crops causes permanently:
A. higher prices. B. lower prices. C. lower output. D. None of these is true.
Economics