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Author Question: When the production possibilities curve is bowed out, resources are: a. equally well-suited to ... (Read 97 times)

nramada

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on: Jun 30, 2018
When the production possibilities curve is bowed out, resources are:
 a. equally well-suited to production of both goods.
  b. not being used efficiently.
  c. not equally suited to the production of both types of goods.
  d. increasing as more of one good is produced.
  e. of an inferior quality.

Question 2

What shape is the production possibilities curve usually expected to exhibit?
 a. Upward-sloping.
  b. Bowed out.
  c. Bowed in.
  d. Straight line.
  e. U-shaped.


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joewallace

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

c

Answer to Question 2

b


nramada

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Reply 2 on: Jun 30, 2018
Gracias!

jomama

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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