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

Author Question: Refer to Figure 2-3. Sergio Vignetto raises cattle and llamas on his land. A portion of his land is ... (Read 197 times)

Alainaaa8

  • Hero Member
  • *****
  • Posts: 576
Refer to Figure 2-3. Sergio Vignetto raises cattle and llamas on his land. A portion of his land is more suitable for raising cattle, and the other portion is better suited for raising llamas.
 
  Which of the graphs in Figure 2-3 represent his production possibilities frontier that displays increasing opportunity costs?
  A) Graph A
  B) Graph B
  C) Graph C
  D) either Graph A or Graph C
  E) either Graph B or Graph C

Question 2

The GDP deflator is a measure of the
 
  A) average level of prices of intermediate goods and services in the economy.
  B) total production of the economy adjusted for inflation.
  C) total production of the economy unadjusted for inflation.
  D) average level of prices of final goods and services in the economy.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

hollysheppard095

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

C

Answer to Question 2

D




Alainaaa8

  • Member
  • Posts: 576
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

For a complete list of videos, visit our video library