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Author Question: The ________ a good or service is, the ________ its price is likely to be. A) more scarce; higher ... (Read 97 times)

neverstopbelieb

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on: Jun 29, 2018
The ________ a good or service is, the ________ its price is likely to be.
 
  A) more scarce; higher
  B) more scarce; lower
  C) more available; higher
  D) more available; more unstable

Question 2

A production possibilities frontier shows
 
  A) the various combinations of output a nation can produce a certain time, given its available resources and technology.
  B) the limits to future growth of a nation.
  C) how money can be allocated among two kinds of goods.
  D) that if price of one good decreases, the price of the other has to increase.
  E) that it is impossible to produce inefficiently.


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Awesome

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


neverstopbelieb

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

ghepp

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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