This topic contains a solution. Click here to go to the answer

Author Question: The production possibilities frontier is the boundary between A) those combinations of goods and ... (Read 101 times)

Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
The production possibilities frontier is the boundary between
 
  A) those combinations of goods and services that can be produced and those that can be consumed.
  B) those resources that are limited and those that are unlimited.
  C) those combinations of goods and services that can be produced and those that cannot.
  D) those wants that are limited and those that are unlimited.

Question 2

The law of demand implies that demand curves
 
  A) slope down.
  B) slope up.
  C) shift rightward whenever the price rises.
  D) shift leftward whenever the price rises.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

raenoj

  • Sr. Member
  • ****
  • Posts: 340
Answer to Question 1

C

Answer to Question 2

Thanks for your help Worked like a charm.




Lisaclaire

  • Member
  • Posts: 569
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

For a complete list of videos, visit our video library