The marginal rate of transformation is equal to
A) marginal product of capital.
B) marginal product of labour.
C) marginal rate of substitution of leisure.
D) marginal rate of substitution for capital.
E) the real wage rate divided by total factor productivity.
Correct Answer:
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Q33: A Pareto optimum is a point that
A)
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Q39: An increase in government spending
A) increases consumption,
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