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Author Question: Technology A) is constantly changing at every point along a production possibilities curve. B) ... (Read 40 times)

futuristic

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on: Jun 29, 2018
Technology
 
  A) is constantly changing at every point along a production possibilities curve.
  B) is the recipe for combining land, labor, physical capital, and entrepreneurship to produce a good.
  C) does not have an effect on the amount of a good a society can produce with its given resources.
  D) only changes if resources change.

Question 2

All of the following are reasons for an oligopoly to occur EXCEPT
 
  A) economies to scale.
  B) barriers to entry.
  C) independence among firms.
  D) merger.


tofugiraffe

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

B

Answer to Question 2

C


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