Author Question: The production possibilities frontier model assumes all of the following except A) the level of ... (Read 62 times)

asmith134 · **on:** Jun 29, 2018

The production possibilities frontier model assumes all of the following except

A) the level of technology is fixed and unchanging.
B) any level of the two products that the economy produces is currently possible.
C) labor, capital, land and natural resources are fixed in quantity.
D) the economy produces only two products.

Question 2

Globalization is the process of countries imposing trade restrictions on other countries.

Indicate whether the statement is true or false