This topic contains a solution. Click here to go to the answer

Author Question: Any point on the production possibilities curve illustrates: a. minimum production combinations. b. ... (Read 133 times)

ahriuashd

  • Hero Member
  • *****
  • Posts: 535
Any point on the production possibilities curve illustrates:
 a. minimum production combinations. b. maximum production combinations.
  c. economic growth. d. a nonfeasible production combination.

Question 2

The production possibilities curve shows that:
 a. some of one good must be given up to get more of another good in an economy that is operating efficiently.
  b. no output combination is impossible.
  c. an economy that is operating efficiently can have more of one good without giving up some of another good.
  d. scarcity can be eliminated.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chloejackso

  • Sr. Member
  • ****
  • Posts: 316
Answer to Question 1

b

Answer to Question 2

a




ahriuashd

  • Member
  • Posts: 535
Reply 2 on: Jun 30, 2018
Wow, this really help


sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

For a complete list of videos, visit our video library