The production possibilities frontier in the one-period model is a
A) behavioural relationship between consumption and leisure.
B) technological relationship between consumption and the capital stock.
C) behavioural relationship between consumption and government spending.
D) technological relationship between consumption and leisure.
E) technological relationship between consumption and government spending.
Correct Answer:
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Q45: In the model with Keynesian sticky wages
Q46: An increase in total factor productivity shifts
Q47: Changes in government spending are NOT likely
Q48: The second fundamental theorem of welfare economics
Q49: The marginal rate of transformation is equal
Q51: The rate at which one good can
Q52: Changes in government spending are NOT likely
Q53: An example of a public good is
A)transfer
Q54: Immunization from communicable diseases generate
A)the provision of
Q55: An increase in total factor productivity
A)increases consumption,
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