Using the utility possibilities frontier above explain three ways that this society of two individuals can be made better off without making anyone worse off if it starts at point A

What will be an ideal response?

It could move to the right and make Bill better off while keeping Susan's utility constant. It could move upward and make Susan better off while keeping Bill's utility constant or it could move up and to the right and make both better off.

Economics

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Which of the following is NOT a leakage?

A) import of a Toyota B) export of a Cadillac C) personal saving D) indirect business taxes

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In 2004, China had a substantial trade surplus with

A. Japan. B. Russia. C. the United States. D. Brazil.

Economics