Which of the following concepts are illustrated by the production possibilities curve? a. scarcity ...

Author Question: Which of the following concepts are illustrated by the production possibilities curve? a. scarcity ... (Read 56 times)

bclement10

Hero Member
Posts: 560

on: Jun 30, 2018

Which of the following concepts are illustrated by the production possibilities curve?
a. scarcity
b. choice
c. trade-offs
d. all of the above

Question 2

Most economists believe that the financial crisis of 2008 began because of problems in the ____ industry.
a. computer
b. automotive
c. housing
d. banking

Christopher

Sr. Member
Posts: 316

Reply #1 on: Jun 30, 2018

Answer to Question 1

d

Answer to Question 2

c

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.