The tastes or demand preferences of a nation are given by:
A) production frontiers
B) community indifference curves
C) marginal rate of transformation(MRT)
D) consumption possibilities curves
Correct Answer:
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Q1: A(n)_ MRS would result in a community
Q2: What is another name for the opportunity
Q3: What is given by the absolute value
Q4: Community indifference curves are _ sloped and
Q6: Nations will have different production possibilities frontiers
Q7: When countries engage in international trade,specialization tends
Q8: A(n)_ opportunity cost in production is reflected
Q9: Community indifference curves can never _.
A)be negatively
Q10: The _ of X for Y in
Q11: The marginal rate of transformation (MRT)of X
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