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Author Question: Any movement along the production possibilities frontier involves the production of a. more of both ... (Read 72 times)

jayhills49

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on: Jul 1, 2018
Any movement along the production possibilities frontier involves the production of
 a. more of both goods
  b. more of one good and less of the other
  c. less of both goods
  d. more resources
  e. better technology

Question 2

On a straight-line production possibilities frontier, which of the following is true?
 a. The problem of scarcity does not exist.
  b. Resources are imperfect substitutes.
  c. Opportunity costs are constant.
  d. Technology is rapidly expanding.
  e. Some resources are not being used efficiently.


brbarasa

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

B

Answer to Question 2

C


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