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Author Question: All of the following are assumptions of the production possibilities curve EXCEPT A) resources ... (Read 28 times)

james9437

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on: Jun 29, 2018
All of the following are assumptions of the production possibilities curve EXCEPT
 
  A) resources are fully employed.
  B) there is a fixed time period.
  C) there is a fixed level of technology.
  D) there is a fixed demand for the products.

Question 2

A price ceiling established below the market clearing price will usually cause
 
  A) nonprice rationing.
  B) an excess supply.
  C) no change in the market clearing price.
  D) a decrease in the market clearing price.


ecabral0

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


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