Which of the following is not true about a production possibilities curve? The curve:
a. indicates the combinations of goods and services that can be produced with given technology.
b. indicates the efficient production points.
c. indicates the non-efficient production points.
d. indicates the feasible (attainable) and non-feasible production points.
e. indicates which production point will be chosen.
Question 2
If an economy is producing at full employment, it means that:
a. there are idle resources in this economy.
b. the production is not efficient.
c. the economy is producing along its production possibilities curve.
d. the economy is producing at a point that is to the left of the production possibilities curve.
e. the economy is producing at a point that is to the right of the production possibilities curve.
An Inverted U Curve
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Conventional oil reserves have passed peak production
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The age-of-onset curve for Huntington disease (HD)