This topic contains a solution. Click here to go to the answer

Author Question: If the production possibilities curve is a downward-sloping straight line, that would indicate a. ... (Read 116 times)

Wadzanai

  • Hero Member
  • *****
  • Posts: 528
If the production possibilities curve is a downward-sloping straight line, that would indicate
 a. that society cannot decide which good it prefers
  b. an absence of scarcity
  c. constant opportunity cost
  d. inefficiency
  e. specialization

Question 2

The concave shape of a production possibilities frontier showing possible output levels of good A and good B indicates that if the economy produces more and more of good B,
 a. larger and larger amounts of good A must be sacrificed
  b. smaller and smaller amounts of good A must be sacrificed
  c. more of good A will be produced
  d. the amount of resources available in the economy must be increased
  e. there must be an improvement in technology



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

juicepod

  • Sr. Member
  • ****
  • Posts: 310
Answer to Question 1

C

Answer to Question 2

A




Wadzanai

  • Member
  • Posts: 528
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

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.

For a complete list of videos, visit our video library