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

Author Question: The nation's production possibilities frontier is bowed outward. Suppose that the government decides ... (Read 113 times)

stock

  • Hero Member
  • *****
  • Posts: 573
The nation's production possibilities frontier is bowed outward. Suppose that the government decides to increase the production of armaments by 20 billion, and that as a result the output of consumer goods falls by 20 billion.
 
  If a further 20 billion increase beyond the initial 20 billion increase in armaments output is sought, we can expect that the output of consumer goods and services will fall further by A) less than 20 billion.
  B) 20 billion.
  C) more than 20 billion.
  D) There is not enough information to determine the answer.

Question 2

Which of the following is an example of an ordinary private good?
 
  A) Furniture
  B) The Internet
  C) Water
  D) Cable TV



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tanna.moeller

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

C

Answer to Question 2

A




stock

  • Member
  • Posts: 573
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


kalskdjl1212

  • Member
  • Posts: 353
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

For a complete list of videos, visit our video library