This topic contains a solution. Click here to go to the answer

Author Question: The lower-income industrial countries are catching up to the higher-income industrial countries in ... (Read 72 times)

savannahhooper

  • Hero Member
  • *****
  • Posts: 576
The lower-income industrial countries are catching up to the higher-income industrial countries in terms of economic growth.
 
  Indicate whether the statement is true or false

Question 2

What is meant by the marginal rate of transformation?
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Natalie4ever

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

TRUE

Answer to Question 2

The marginal rate of transformation is the slope of the production possibility frontier. It is the ratio of the change in the good (or service) on the y-axis to the change in the good (or service) on the x-axis.




savannahhooper

  • Member
  • Posts: 576
Reply 2 on: Jun 29, 2018
Wow, this really help


pratush dev

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

For a complete list of videos, visit our video library