Author Question: Production possibilities frontiers usually curve out and away from the origin. The implication of ... (Read 156 times)

tiffannnnyyyyyy

  • Hero Member
  • *****
  • Posts: 512
Production possibilities frontiers usually curve out and away from the origin. The implication of this curvature is that
 
  A) as resources are used to produce one good, fewer resources are available to produce another good.
  B) technological change is present.
  C) the opportunity cost of producing a good stays the same regardless of how much of that good is produced.
  D) some resources are better at producing one good while other resources are better at producing alternative goods.
  E) the opportunity cost of producing a good goes down as more of that good is produced.

Question 2

Who is cyclically unemployed?
 
  A) Katrina, an assistant manager who quit her job to search for a better job closer to home
  B) David, a new car salesman who lost his job because the economy went into a recession
  C) Samantha, who quit her job to return to college to earn her MBA
  D) Casey, who lost his job because the technology changed so he was no longer needed
  E) Kathy, a steelworker who was laid off but has stopped looking for a new job because she can't find a new job



Missbam101

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

For a complete list of videos, visit our video library