A production possibilities curve shows the:
a. dollar costs of producing two different goods.
b. amounts of labor and capital needed to produce one good.
c. various combinations of goods that can be produced.
d. prices of different goods that are produced in an economy.
e. inefficient use of available resources and technology.
Question 2
The various combinations of goods and services that can be produced, when an economy uses its available resources and technology efficiently, is called:
a. scarcity.
b. opportunity cost.
c. unlimited production.
d. capital accumulation.
e. production possibilities.
Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus
El Niño and areas of high marine primary production around the Galapagos Islands. Noti
An Estimate of the Time of Global Peak Conventional Oil Production
This chart shows the various lines of responsibility and how they differ in presidential and parliam
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
A comparison of a trait (height) that shows discontinuous and continuous phenotypes in different pla