Tastes of individuals are represented by()
A: the production possibility frontier.
B: the isovalue line.
C: the indifference curve.
D: the production function.
A: the production possibility frontier.
B: the isovalue line.
C: the indifference curve.
D: the production function.
举一反三
- Tastes of individuals are represented by A: isovalue lines. B: production possibility frontiers. C: production functions. D: indifference curves.
- A nation maximizes satisfaction by reaching the highest possible indifference curve， and in the absence of trade will produce where its production possibilities schedule is tangent to an indifference curve.（ ）
- An advance in technology will A: not shift the production function but will lead to a movement down along the production function. B: shift the production function downward. C: not shift the production function but will lead to a movement up along the production function. D: shift the production function upward.
- 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
- The best no-trade point for a country on an increasing cost production possibilities curve is where: ( ) A: the curve touches the vertical axis. B: the curve touches the horizontal axis. C: the origin. D: the curve touches the highest indifference curve.