The yardstick most often used to compare living standards is:
a. aggregate demand
b. Gross National Product
c. output per capital
d. international investment
c
Economics
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The production possibilities frontier is
A) upward sloping and reflects unlimited choices. B) upward sloping and reflects tradeoffs in choices. C) downward sloping and reflects unlimited choices. D) downward sloping and reflects tradeoffs in choices.
Economics
The table above gives Cathy's total utility from Mt. Dew. If the price of a Mt. Dew is $2, Cathy's marginal utility per dollar from the 3rd Mt. Dew is ________ units per dollar
A) 20 B) 10 C) 32.5 D) 40
Economics