This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Explain what will happen to the production possibilities curve over time if society gives up some ... (Read 194 times)

mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
on: Jun 29, 2018
Explain what will happen to the production possibilities curve over time if society gives up some consumption goods in favor of more capital goods.
 
  What will be an ideal response?

Question 2

A medium of exchange is
 
  A) any asset that sellers will accept as payment.
  B) a measure by which prices are expressed.
  C) an asset that is used to settle future debts.
  D) the thing traded when barter takes place.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

peilian

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 29, 2018
Answer to Question 1

If society chooses to give up some consumption goods in favor of more capital goods, then the production possibilities curve will shift outward over time. This happens when the capital goods can be used to produce more goods in the future.

Answer to Question 2

A


mrsjacobs44

  • Member
  • Posts: 500
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

mochi09

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Blood PH Curve Hemoglobin Blood PH Curve Hemoglobin
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
Ebbinghaus’s forgetting curve Ebbinghaus’s forgetting curve
Production of monoclonal antibodies Production of monoclonal antibodies
An Environmental Kuznets Curve An Environmental Kuznets Curve
The Lorenz Curve for the United States, 2009 The Lorenz Curve for the United States, 2009
Video: Carbohydrate Metabolism: Introduction to renal processes and filtrate formation and composition

For a complete list of videos, visit our video library