A ____________________ shows the various combinations of two commodities that yield equal satisfaction to the community or nation.
A) community indifference curve
B) production frontier
C) consumption possibilities curve
D) marginal rate of transformation curve
Correct Answer:
Verified
Q10: The _ of X for Y in
Q11: The marginal rate of transformation (MRT)of X
Q12: In autarky a nation maximizes its welfare
Q13: A point of intersection would represent _
Q14: _means a nation has to give up
Q16: _ is the amount of one commodity
Q17: Why do increasing opportunity costs of production
Q18: Increasing opportunity costs result in a production
Q19: As we consume more of a commodity,a(n)_
Q20: Community indifference curves that are _ show
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