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Author Question: The production possibilities curve represents A) the total amount of stocks and bonds that exist ... (Read 44 times)

xclash

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on: Jun 29, 2018
The production possibilities curve represents
 
  A) the total amount of stocks and bonds that exist in the economy.
  B) the trade-off between human capital and physical capital that exists.
  C) all possible combinations of total output that can be produced.
  D) society's needs.

Question 2

After the price of smartphone apps falls, Justin buys fewer flash drives but he buys a new smartphone. For Justin
 
  A) smartphone apps and flash drives are complements, and smartphone apps and smartphones are substitutes.
  B) smartphone apps, flash drives, and smartphones are all complements.
  C) smartphone apps and flash drives are substitutes, and smartphone apps and smartphones are complements.
  D) smartphone apps, flash drives, and smartphones are not all complements.


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Marked as best answer by a Subject Expert

quynhmickitran

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


xclash

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Reply 2 on: Jun 29, 2018
Excellent

Joy Chen

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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