Microeconomics

If John can produce 10 chairs or 20 lamps during a week while Mary can produce 12 chairs or 22 lamps ...

Started by CBme

Mac can bake more cookies than Monica per hour. It must be true that

Started by Shelles

If Wendy can produce more of all goods than Tommy in an hour, then

Started by ashley

The opportunity cost of economic growth is ________ and the benefit of economic growth is ________.

Started by mikaylakyoung

When a country's production possibilities frontier shifts outward over time, the country is experiencing

Started by crazycityslicker

Which of the following statements is correct? i.As the economy grows, the opportunity costs of ...

Started by cherise1989

Other things equal, if Mexico devotes more resources to train its population than Spain,

Started by clippers!

To increase its economic growth, a nation should

Started by bucstennis@aim.com

Economic growth depends upon which of the following? i.Improving the quality of ...

Started by bobbie

Economic growth depends upon which of the following? i.Increasing the quantity of laborii.Lowering ...

Started by jCorn1234

Consider a PPF with consumption goods on the horizontal axis and capital goods on the vertical axis. ...

Started by bobbysung

Moving along a country's PPF, a reason opportunity costs increase is that

Started by anshika

While moving on the production possibilities frontier, if the opportunity cost of producing one good ...

Started by Zulu123

As an economy moves down along a straight line production possibilities frontier, what happens to ...

Started by Tazate

If the production possibilities frontier between two goods is a straight line, then the

Started by saraeharris

If the production possibilities frontier between two goods were a straight line, then the ...

Started by michelleunicorn

The fact of increasing opportunity cost when moving on the PPF means that

Started by Jramos095

Why does a nation experience increasing opportunity cost?

Started by jCorn1234

A bowed out production possibility frontier shows that the

Started by Mr.Thesaxman

If there is increasing opportunity cost, then when moving downward on a production possibilities ...

Started by kshipps

When a production possibilities frontier is bowed outward, as more of one good is produced, its ...

Started by audie

As an economy produces more of one of the goods on a bowed out production possibilities frontier, ...

Started by biggirl4568

Why is a production possibilities frontier bowed out (concave)?

Started by nummyann

To calculate the opportunity cost per unit, you divide the decrease in the quantity of the forgone item by the

Started by nmorano1

The production possibilities frontier illustrates which of the following economic ideas?

Started by Pea0909berry