One way the Canadian system lowers costs is by rationing expensive procedures

The slope of a producer's production possibilities frontier represents the producer's

A) sunk costs of production. B) average costs of production. C) marginal costs of production. D) total costs of production.

When explaining expansions and recessions, the classical model is

a. reliable b. seriously flawed c. the favorite explanatory tool of economists d. overly focused on the labor market e. sometimes accurate and sometimes not