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Author Question: Which of the following statements about a movement along the production possibilities curve in the ... (Read 123 times)

abern

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on: Jun 29, 2018
Which of the following statements about a movement along the production possibilities curve in the above figure is FALSE?
 
  A) An additional computer can be produced only if fewer televisions are produced.
  B) The trade-off between computers and televisions is not constant.
  C) Society cannot have more of both goods at the same time.
  D) There are no opportunity costs involved in choosing one point on the curve over all other points.

Question 2

One reason why economists often use models in their analysis is that
 
  A) a model helps us to understand, explain, and predict economic phenomena in the real world.
  B) a model accurately pictures every detail of the real world economy.
  C) a model relates to individual thought processes rather than behavior.
  D) it is relatively easy to perfectly specify a model.


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helenmarkerine

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

D

Answer to Question 2

A


abern

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Reply #2 on: Jun 29, 2018
Thank you


helenmarkerine

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Reply #3 on: Jun 29, 2018
No problemo


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