Author Question: A production possibilities curve shows the: a. dollar costs of producing two different goods. b. ... (Read 50 times)

TFauchery

  • Hero Member
  • *****
  • Posts: 500
A production possibilities curve shows the:
 a. dollar costs of producing two different goods.
  b. amounts of labor and capital needed to produce one good.
  c. various combinations of goods that can be produced.
  d. prices of different goods that are produced in an economy.
  e. inefficient use of available resources and technology.

Question 2

The various combinations of goods and services that can be produced, when an economy uses its available resources and technology efficiently, is called:
 a. scarcity.
  b. opportunity cost.
  c. unlimited production.
  d. capital accumulation.
  e. production possibilities.



carojassy25

  • Sr. Member
  • ****
  • Posts: 299
Answer to Question 1

c

Answer to Question 2

e



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

For a complete list of videos, visit our video library