Which of the Following Is NOT a Property of Isoquants

question 49

Multiple Choice

Which of the following is NOT a property of isoquants?

• A)They do not cross.
• B)The closer they are to the origin, the higher the level of output.
• C)They have a downward slope.
• D)They are "thin."

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Definitions:

Inflation

The quickening in the standard cost evaluation for goods and services, wearing down the strength to purchase.

CPI

Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to estimate inflation.

Market Basket

A selection of goods and services used to track changes in prices and inflation over time.

Republic of Venice

A sovereign state and maritime republic from the 7th century to 1797, known for its economic, cultural, and military power in the Mediterranean region.