Author Question: Any movement along the production possibilities frontier involves the production of a. more of both ... (Read 71 times)

jayhills49

  • Hero Member
  • *****
  • Posts: 559
Any movement along the production possibilities frontier involves the production of
 a. more of both goods
  b. more of one good and less of the other
  c. less of both goods
  d. more resources
  e. better technology

Question 2

On a straight-line production possibilities frontier, which of the following is true?
 a. The problem of scarcity does not exist.
  b. Resources are imperfect substitutes.
  c. Opportunity costs are constant.
  d. Technology is rapidly expanding.
  e. Some resources are not being used efficiently.



brbarasa

  • Sr. Member
  • ****
  • Posts: 308
Answer to Question 1

B

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

For a complete list of videos, visit our video library