Author Question: The production possibilities curve represents the set of all A) nonlinear forms of production in ... (Read 125 times)

abern

  • Hero Member
  • *****
  • Posts: 533
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

  • Sr. Member
  • ****
  • Posts: 324
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

For a complete list of videos, visit our video library