This topic contains a solution. Click here to go to the answer

Author Question: Which of the following statements about a movement along the production possibilities curve in the ... (Read 121 times)

abern

  • Hero Member
  • *****
  • Posts: 533
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
Answer to Question 1

D

Answer to Question 2

A





 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

For a complete list of videos, visit our video library