The production possibilities frontier in the one-period model is a
A) behavioural relationship between consumption and leisure.
B) behavioural relationship between consumption and government spending.
C) technological relationship between consumption and leisure.
D) technological relationship between consumption and government spending.
E) technological relationship between consumption and the capital stock.
Correct Answer:
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Q2: An example of a public good is
A)
Q3: In the production function,output is given by
A)
Q4: An economy that engages in international trade
Q5: In the one-period competitive model we have
Q6: Points on the production possibilities frontier have
Q7: A competitive equilibrium is a state of
Q8: In a one-period model,government is likely to
Q9: An economy that has no interaction with
Q10: In an economic model,an exogenous variable is
A)
Q11: A relationship that shows the technological possibilities
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