This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The lower-income industrial countries are catching up to the higher-income industrial countries in ... (Read 149 times)

savannahhooper

  • Hero Member
  • *****
  • Posts: 576
on: Jun 29, 2018
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
Reply #1 on: Jun 29, 2018
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
YES! Correct, THANKS for helping me on my review

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

lower digestive lower digestive
Lower extremity blood pressure cuff Lower extremity blood pressure cuff
The More Things Change, The More They Say the Same: Dividing the Nation's Income The More Things Change, The More They Say the Same: Dividing the Nation's Income
Higher centers influencing autonomic function. Higher centers influencing autonomic function.
Chocolate May Lower the Risk of Stroke in Men Chocolate May Lower the Risk of Stroke in Men
Determination of Income Inequality Determination of Income Inequality
Video: Hydrogen bonds vs. Ionic bond

For a complete list of videos, visit our video library