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 103 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
Thanks for the timely response, appreciate it

fatboyy09

  • Member
  • Posts: 358
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Muscles of the right lower extremity Muscles of the right lower extremity
Teenage Pregnancy Rates in Developed Countries Teenage Pregnancy Rates in Developed Countries
Freedom House is a nonprofit institution that uses several different factors to rank countries based Freedom House is a nonprofit institution that uses several different factors to rank countries based
Bones of the lower extremities. Bones of the lower extremities.
Testing the arterial supply to the lower extremities Testing the arterial supply to the lower extremities
Higher-Order Conditioning Higher-Order Conditioning
Video: Protein Structure - Primary, Secondary, Tertiary and Quaternary

For a complete list of videos, visit our video library