Suppose that Sam likes pears twice as much as apples, meaning that he is always indifferent between consuming one pear or two apples. Sam's indifference curves for pears and apples are

a. right angles.
b. bowed inward.
c. bowed outward.
d. downward-sloping straight lines.

d

Economics

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What term is used to describe situations where countries specialize in and trade different varieties of the same type of product?

a. comparative advantage b. the Heckscher-Ohlin model c. intra-industry trade d. increasing returns to scale

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In which period did women make the least significant strides in the labor market?

a. 1970-1990. b. 1940-1945. c. 1830-1860. d. 1790-1800.

Economics