This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Explain what will happen to the production possibilities curve over time if society gives up some ... (Read 131 times)

mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
on: Jun 29, 2018
Explain what will happen to the production possibilities curve over time if society gives up some consumption goods in favor of more capital goods.
 
  What will be an ideal response?

Question 2

A medium of exchange is
 
  A) any asset that sellers will accept as payment.
  B) a measure by which prices are expressed.
  C) an asset that is used to settle future debts.
  D) the thing traded when barter takes place.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

peilian

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 29, 2018
Answer to Question 1

If society chooses to give up some consumption goods in favor of more capital goods, then the production possibilities curve will shift outward over time. This happens when the capital goods can be used to produce more goods in the future.

Answer to Question 2

A


mrsjacobs44

  • Member
  • Posts: 500
Reply 2 on: Jun 29, 2018
Gracias!

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Time-course of reprogramming mouse fibroblasts into induced pluripotent stem cells Time-course of reprogramming mouse fibroblasts into induced pluripotent stem cells
Should society strive to achieve equality in the family? Should society strive to achieve equality in the family?
As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ... As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ...
Cereal production in Africa may decrease by as much as 50% by 2080 in some areas Cereal production in Africa may decrease by as much as 50% by 2080 in some areas
Production of ATP in Skeletal Muscle Production of ATP in Skeletal Muscle
Time value money Time value money
Video: Morphology of a tomato plant

For a complete list of videos, visit our video library