This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The figure above shows the U.S. production function. From 1986 to 2008 the United States experienced ... (Read 74 times)

dmcintosh

  • Hero Member
  • *****
  • Posts: 517
on: Jun 29, 2018
The figure above shows the U.S. production function. From 1986 to 2008 the United States experienced major advances in technology as well as an increase in the working-age population. The combined effect can best be shown by a
 
  A) movement from point W to point X.
  B) movement from point Y to point Z.
  C) movement from point Y to point X.
  D) movement from point W to point Z.

Question 2

The production possibilities frontier
 
  A) depicts the boundary between those combinations of goods and services that can be produced and those that cannot given resources and the current state of technology.
  B) shows how many goods and services are consumed by each person in a country.
  C) is a model that assumes there is no scarcity and no opportunity cost.
  D) is a graph with price on the vertical axis and income on the horizontal axis.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JaynaD87

  • Sr. Member
  • ****
  • Posts: 368
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


dmcintosh

  • Hero Member
  • *****
  • Posts: 517
Reply #2 on: Jun 29, 2018
Correct answers!


JaynaD87

  • Sr. Member
  • ****
  • Posts: 368
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Jacob, Monod, and Pardee's hypothesis for the function of the lacI region Jacob, Monod, and Pardee's hypothesis for the function of the lacI region
The United States, 1819 The United States, 1819
C. Wright Mills (1916-1962) was a controversial figure in sociology because of his analysis of the ... C. Wright Mills (1916-1962) was a controversial figure in sociology because of his analysis of the ...
How to plot a sine function containing an amplitude and phase shift (Question 1 of 3) How to plot a sine function containing an amplitude and phase shift (Question 1 of 3)
Differentiation of Inverse Trigonometric Function Differentiation of Inverse Trigonometric Function
Video: Interview with an Anorexic Woman (Part 1 of 2)

For a complete list of videos, visit our video library