« previous next »

Author Question: All of the following are assumptions of the production possibilities curve EXCEPT A) resources ... (Read 71 times)

james9437

  • Hero Member
  • *****
  • Posts: 568
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

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Survivorship curve for the North American beaver. Survivorship curve for the North American beaver.
Functionalist and Conflict Views of Stratification: The Distribution of Society's Resources Functionalist and Conflict Views of Stratification: The Distribution of Society's Resources
Like other aspects of culture, religion is filled with background assumptions that usually go ... Like other aspects of culture, religion is filled with background assumptions that usually go ...
Titration curve for the tetrapeptide Glu-Gly-Ala-Lys Titration curve for the tetrapeptide Glu-Gly-Ala-Lys
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia). Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia).
Video: Muscular Dystrophy

For a complete list of videos, visit our video library