An automobile manufacturer voluntarily recalls certain models to fix a defective part at no cost to the owners. This action has the effect of

The table above shows the production possibilities frontier for the nation of Isolanda

a) Find the marginal cost of a pound of fish using the above PPF. b) How does the marginal cost of a pound of fish change as more fish are caught?

According to libertarians, the government should redistribute income from rich individuals to poor individuals to achieve a more equal distribution of income

a. True b. False Indicate whether the statement is true or false