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Author Question: An outward shift of the production possibilities frontier a. reflects economic stability b. ... (Read 86 times)

olgavictoria

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on: Jul 1, 2018
An outward shift of the production possibilities frontier
 a. reflects economic stability
  b. reflects economic growth
  c. reflects economic decline
  d. does not relate to the state of the economy
  e. is always a parallel shift

Question 2

The production possibilities frontier can be used to show all of the following except one. Which is the exception?
 a. scarcity
  b. opportunity cost
  c. the law of increasing opportunity cost
  d. efficiency
  e. the best combination of goods and services for an economy


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Jossy

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

E


olgavictoria

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

bulacsom

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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