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

Author Question: If opportunity costs are constant, then A) the production possibilities curve does not exist. B) ... (Read 87 times)

lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
If opportunity costs are constant, then
 
  A) the production possibilities curve does not exist.
  B) the production possibilities curve bows outward.
  C) the production possibilities curve is a negatively sloped straight line.
  D) factors of production must not be fully employed.

Question 2

The rationality assumption states that
 
  A) all actions taken by consumers are based on what is good for society.
  B) people make decisions regardless of how the outcome will affect them.
  C) people make decisions to buy only those goods that they need rather than goods that they want.
  D) people do not intentionally make decisions that would leave them worse off.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kbennett34

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

C

Answer to Question 2

D




lb_gilbert

  • Member
  • Posts: 588
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


at

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

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?

The familiar sounds of your heart are made by the heart's valves as they open and close.

For a complete list of videos, visit our video library