In a free market system, competition generates economic ...

[biggirl4568]

In a free market system, competition generates economic efficiency only when
 
  A) individuals take into account the full opportunity cost of their actions.
  B) consumers are motivated by a sense of the greater good, not their own self-interest.
  C) firms are motivated by a sense of the greater good, not their desire for profit.
  D) economic decisions are taken out the hands of individuals and placed in the hands of government officials.

Question 2

What does a production possibilities curve show?
 
  What will be an ideal response?

[deja]

Answer to Question 1

A

Answer to Question 2

A production possibilities curve shows the combinations of maximum outputs that can be
produced with a fixed amount of resources that are fully employed, and fixed technology.

[biggirl4568]

TYSM

[FergA]

Excellent