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

Author Question: Which of the following statements about a movement along the production possibilities curve in the ... (Read 55 times)

abern

  • Hero Member
  • *****
  • Posts: 533
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

helenmarkerine

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


abern

  • Hero Member
  • *****
  • Posts: 533
Reply #2 on: Jun 29, 2018
Thank you


helenmarkerine

  • Sr. Member
  • ****
  • Posts: 324
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Hiatal hernia. (a) The hernia occurs when the stomach protrudes through the diaphragm and into the t Hiatal hernia. (a) The hernia occurs when the stomach protrudes through the diaphragm and into the t
Bell Curve Joke Bell Curve Joke
Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ... Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ...
The movement of water vapor molecules exerts vapor pressure on surfaces. The movement of water vapor molecules exerts vapor pressure on surfaces.
As the world’s population continues to grow, demands on limited resources for food production As the world’s population continues to grow, demands on limited resources for food production
Stem Cell Production Stem Cell Production
Video: Acid-base imbalances - respiratory acidosis and alkalosis

For a complete list of videos, visit our video library