A bowed outward production possibilities frontier occurs when
A) opportunity costs are constant.
B) resources are not scarce.
C) as more of a good is produced, producing additional units of it require greater reductions in the other good.
D) the society is operating on the production possibilities frontier.
Question 2
The above figure shows the U.S. market for 1 carat diamonds. With free trade, the United States produces ________ diamonds and imports ________ diamonds.
A) 300,000; 600,000
B) 0; 900,000
C) 100,000; 900,000
D) 100,000; 800,000
E) 500,000; 400,000
The production of transgenic crops
El Niño and areas of high marine primary production around the Galapagos Islands. Noti
projections of future oil production
Otitis media. This illustration shows an inflamed tympanic cavity, which is the most common source o
Tuition Costs