Author Question: Production possibilities frontiers usually curve out and away from the origin. The implication of ... (Read 107 times)

tiffannnnyyyyyy

  • Hero Member
  • *****
  • Posts: 512
Production possibilities frontiers usually curve out and away from the origin. The implication of this curvature is that
 
  A) as resources are used to produce one good, fewer resources are available to produce another good.
  B) technological change is present.
  C) the opportunity cost of producing a good stays the same regardless of how much of that good is produced.
  D) some resources are better at producing one good while other resources are better at producing alternative goods.
  E) the opportunity cost of producing a good goes down as more of that good is produced.

Question 2

Who is cyclically unemployed?
 
  A) Katrina, an assistant manager who quit her job to search for a better job closer to home
  B) David, a new car salesman who lost his job because the economy went into a recession
  C) Samantha, who quit her job to return to college to earn her MBA
  D) Casey, who lost his job because the technology changed so he was no longer needed
  E) Kathy, a steelworker who was laid off but has stopped looking for a new job because she can't find a new job



Missbam101

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

For a complete list of videos, visit our video library