Answer:
An indifference curve describes how a consumer is indifferent to goods and services and its various combinations at a given total earnings. Demand and consumption forms the primary base of the indifference curve and the curve is usually drawn from the position of the customer involved.
PPC means production possibility curve and it helps in the enlightenment of the production possibilities of two different set of goods. Production, technology and available resources forms its primary base and the curve is usually drawn from the position of an economy in perspective.
Answer:
Within the first 20 minutes after leaving class.
Answer:
Selective benefits
Explanation:
I had a similar question to this on my lesson, I got this answer, I hope it helps, let me know if it didn't. Have a nice day
Answer: C
Explanation: Traditional economies are about, well, tradition. Customs and long-held beliefs in a community, family, and so on shape how the economy is run. It would only make sense for a baker’s son to honor tradition and take up his father’s profession in a traditional economy.