Author Question: The production possibilities frontier is the A) maximum output that can be produced at an ... (Read 81 times)

FButt

  • Hero Member
  • *****
  • Posts: 519
The production possibilities frontier is the
 
  A) maximum output that can be produced at an opportunity cost of zero.
  B) minimum output that can be produced when resources are used inefficiently.
  C) boundary between the combinations of goods and services that can be produced and the combinations that cannot be produced, given the available factors of production and the state of technology.
  D) boundary between the combinations of goods and services that can be produced and the combinations that cannot be produced when technology is changing.
  E) maximum opportunity cost combinations of goods and services.

Question 2

The proven-reserves figure used in most years-to-depletion calculations encompasses oil reserves that are ________ and ________ to extract.
 
  A) known; economical
  B) both known and unknown; economical
  C) known; both economical and uneconomical
  D) both known and unknown; both economical and uneconomical



lindahyatt42

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

For a complete list of videos, visit our video library