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 117 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
Gracias!


raili21

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

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?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

For a complete list of videos, visit our video library