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Author Question: The law of increasing opportunity costs causes the production possibilities curve to: a. be a ... (Read 48 times)

bb

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on: Jun 30, 2018
The law of increasing opportunity costs causes the production possibilities curve to:
 a. be a straight line. b. slope upwards.
  c. have a bowed-out shape. d. shift inward.

Question 2

If society leaves some of its resources unemployed, then it will be operating at a point:
 a. beneath its production possibilities curve.
  b. at a corner of its production possibilities curve.
  c. anywhere along its production possibilities curve.
  d. outside of its production possibilities curve.


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31809pancho

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


bb

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

komodo7

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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