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Author Question: The production possibilities frontier is the boundary between A) those combinations of goods and ... (Read 29 times)

Lisaclaire

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on: Jun 29, 2018
The production possibilities frontier is the boundary between
 
  A) those combinations of goods and services that can be produced and those that can be consumed.
  B) those resources that are limited and those that are unlimited.
  C) those combinations of goods and services that can be produced and those that cannot.
  D) those wants that are limited and those that are unlimited.

Question 2

The law of demand implies that demand curves
 
  A) slope down.
  B) slope up.
  C) shift rightward whenever the price rises.
  D) shift leftward whenever the price rises.


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raenoj

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

Thanks for your help Worked like a charm.


Lisaclaire

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

deja

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Reply 3 on: Yesterday
Excellent

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