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Author Question: The production possibilities frontier itself illustrates A) all goods that can be produced by an ... (Read 124 times)

storky111

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on: Jun 29, 2018
The production possibilities frontier itself illustrates
 
  A) all goods that can be produced by an economy.
  B) the combination of goods and services that can be produced efficiently.
  C) all goods and services that are desired but cannot be produced due to scarce resources.
  D) all possible production of capital goods.

Question 2

A change in which of the following shifts the demand curve?
 
  A) the number of sellers in the market
  B) the price of the resources used to produce the product
  C) the technology with which the product is produced
  D) the tastes and preferences of consumers


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asdfghjkl;

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

B

Answer to Question 2

D


storky111

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Reply #2 on: Jun 29, 2018
Thank you


asdfghjkl;

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Reply #3 on: Jun 29, 2018
No problemo


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