Tastes of individuals are represented by
A: isovalue lines.
B: production possibility frontiers.
C: production functions.
D: indifference curves.
A: isovalue lines.
B: production possibility frontiers.
C: production functions.
D: indifference curves.
举一反三
- Tastes of individuals are represented by() A: the production possibility frontier. B: the isovalue line. C: the indifference curve. D: the production function.
- Mutually beneficial trade cannot occur if production frontiers are:(<br/>) A: equal but tastes are not B: different but tastes are the same C: different and tastes are also different D: the same and tastes are also the same.
- Tastes of individuals are represented by
- France produces wine and tractors. If, given the same resources, France can increase production of wine and tractors, at the same time, then France A: is producing outside his Production Possibility Frontier B: is has achieved technological advancement in the production of kola and cashew nuts C: is producing on its Production Possibility Frontier D: is producing inside its Production Possibility Frontier
- Suppose there are only two people in the world. Each person’s production possibilities frontier also represents his or her consumption possibilities when A: neither person faces trade-offs. B: the frontiers are straight lines. C: the frontiers are bowed out. D: they choose not to trade with one another.