« previous next »

Author Question: A point inside a production possibilities curve reflects: a. the law of increasing costs. b. ... (Read 54 times)

washai

  • Hero Member
  • *****
  • Posts: 523
on: Jun 30, 2018
A point inside a production possibilities curve reflects:
 a. the law of increasing costs.
  b. technological innovation.
  c. less than full use of resources and technology.
  d. economic efficiency.
  e. a way to increase future economic growth.

Question 2

Which of the following is true about the production possibilities curve when a technological progress occurs? The curve:
 a. shifts inwards to the left.
  b. becomes flatter at one end and steeper at the other end.
  c. becomes steeper.
  d. shifts outward to the right.
  e. does not change.


nicoleclaire22

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

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.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus
Energy Production Energy Production
Stem Cell Production Stem Cell Production
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
At what speed does Grogzetti need to take the curve to avoid sliding? At what speed does Grogzetti need to take the curve to avoid sliding?
Satellite data showing net primary production. Productivity is coded as red (highest) down through o Satellite data showing net primary production. Productivity is coded as red (highest) down through o
Video: What is Reverse Osmosis?

For a complete list of videos, visit our video library