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 102 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 top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

An Inverted U Curve An Inverted U Curve
Religion can promote social change, as was evident in the U.S. civil rights movement. Dr. Martin ... Religion can promote social change, as was evident in the U.S. civil rights movement. Dr. Martin ...
(a) IgA. (b) IgA production. (a) IgA. (b) IgA production.
Mechanism of action of anti-parkinson drugs. (a) Levodopa therapy increases dopamine production; (b) ... Mechanism of action of anti-parkinson drugs. (a) Levodopa therapy increases dopamine production; (b) ...
Typical bacterial population growth curve showing the initial lag phase Typical bacterial population growth curve showing the initial lag phase
No gene interaction in the production of feather color in budgerigar parakeets No gene interaction in the production of feather color in budgerigar parakeets
Video: Major Elements in Biological Molecules: Nucleic acids

For a complete list of videos, visit our video library