Author Question: The slope of the production possibilities frontier is defined to be the marginal rate of A) ... (Read 79 times)

theo · **on:** Jul 1, 2018

The slope of the production possibilities frontier is defined to be the marginal rate of

A) transformation.
B) technical substitution.
C) substitution.
D) profit.

Question 2

Refer to Figure 9.8. In order to gain the equivalent imports as a 50 tariff, the government would have to impose a quota of

A) 100 tons of sugar.
B) 200 tons of sugar.
C) 300 tons of sugar.
D) 350 tons of sugar.
E) 500 tons of sugar.