Use the following statements to answer this question: I. The income-consumption curve for perfect complements is a straight line. II. The price-consumption curve for perfect complements is a straight line
A) I and II are true.
B) I is true and II is false.
C) II is true and I is false.
D) I and II are false.
A
Economics
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The rate at which two countries trade one good for another
a. is known as the foreign exchange rate b. is known as the terms of trade c. is known as the export line d. equals the slope of the import line e. equals the common slope of the countries' production possibilities frontiers
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