Indifference curves close to the origin are ________ those farther from the origin because of ________

A) better than; transitivity
B) worse than; nonsatiation
C) better than; completeness
D) worse than; transitivity

B

Economics

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According to the circular flow, the dollar value of a nation's output is equal to

A) wages. B) profits. C) net income minus taxes. D) total income.

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To find the cost of the CPI market basket in the current period we have to multiply the

A) quantities in the CPI market basket by the base period prices. B) quantities in the CPI market basket by the current period prices. C) current period quantities in the CPI market basket by the base period prices. D) current period quantities in the CPI market basket by the current period prices. E) quantities in the CPI market basket by the base period prices and then multiply by 100.

Economics