The slope of the production possibility curve under Opportunity costs theory is also called
A) The average production curve
B) Marginal rate of transformation
C) Indifference curve
D) Isoquant curve
Correct Answer:
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Q9: Community indifference curves have the same characteristics
Q10: The factor price ratio(PC/PL)A < (PC/PL)B of
Q11: The H-O theory assumed the prevalence of
A)Monopolistic
Q12: The production possibility curve represents
A)The supply side
B)The
Q13: Relative factor abundance in H-O theory of
Q15: The term 'factor intensity' refers to
A)The relative
Q16: The fundamental reason why different countries involve
Q17: If a country has favourable terms of
Q18: The income terms of trade is
A)The net
Q19: Which factor does not influence terms of
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