Multiple Choice
A relationship that shows the technological possibilities for an economy as a whole is called a
A) production function.
B) utility possibilities frontier.
C) production possibilities frontier.
D) budget constraint.
Correct Answer:
Verified
Correct Answer:
Verified
Q53: Under a Pareto Optimum<br>A) it is always
Q54: At the competitive equilibrium with a positive
Q55: The tax base is<br>A) the average tax
Q56: PPF is the<br>A) price parity formula.<br>B) possible
Q57: When the tax rate increases,the tax revenue<br>A)
Q59: In an economic model,an exogenous variable is<br>A)
Q60: At the competitive equilibrium with a positive
Q61: Points on the production possibilities frontier have
Q62: A competitive equilibrium<br>A) is always economically efficient.<br>B)
Q63: A competitive equilibrium fails to be a