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Author Question: The production possibilities curve represents the set of all A) nonlinear forms of production in ... (Read 126 times)

abern

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on: Jun 30, 2018
The production possibilities curve represents the set of all
 
  A) nonlinear forms of production in the economy.
  B) combinations of goods and services that can be used in the production of other goods and services.
  C) factors of production that can be used to manufacture goods and services.
  D) feasible combinations of goods that the economy can produce given that a nation's resources are fully employed.

Question 2

When you use currency to buy lunch, money is performing which function?
 
  A) store of value
  B) medium of exchange
  C) barter token
  D) unit of purchase
  E) unit of currency


raili21

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


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