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

Author Question: Which of the following conditions is true for a nation operating at a point lying inside its ... (Read 305 times)

09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
on: Jun 30, 2018
Which of the following conditions is true for a nation operating at a point lying inside its production possibilities curve?
 a. The nation is experiencing a technological breakthrough in one of its key industries.
  b. The nation is clearly utilizing its resources efficiently.
  c. The nation is producing the maximum output that can be produced with a limited quantity of resources.
  d. The nation is not utilizing its resources efficiently.
  e. The nation is producing the maximum output that can be produced with its unlimited quantity of resources.

Question 2

Which of the following would be likely to raise your opportunity cost of attending a big basketball game this Sunday night?
 a. A friend calls you up and offers you free tickets to a concert by one of your favorite bands on Sunday night.
  b. Your employer offered you double your usual wage to work this Sunday night.
 c. Late Friday afternoon, your physics professor makes a surprise announcement that there will be a major exam on Monday morning.
  d. All of the above would likely raise the opportunity cost of attending the game.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ebe

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
Reply #2 on: Jun 30, 2018
Thank you :)


ebe

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Doctors in China pray before operating Doctors in China pray before operating
Decimal Point Place Values Decimal Point Place Values
A mere one-half percent of Americans owns over a quarter of the entire nation’s wealth. Very few ... A mere one-half percent of Americans owns over a quarter of the entire nation’s wealth. Very few ...
Interventions for Selected Co-Occurring Conditions Interventions for Selected Co-Occurring Conditions
A 6-point socket fits the head of a bolt or nut on all sides. A 12-point socket can round off the ... A 6-point socket fits the head of a bolt or nut on all sides. A 12-point socket can round off the ...
Examples of Conditions Detected by Prenatal Genetic Screening Methods Examples of Conditions Detected by Prenatal Genetic Screening Methods
Video: Deafness Culture

For a complete list of videos, visit our video library