This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Since resources are not equally substitutable across uses: a. the production possibilities curve ... (Read 97 times)

K@

  • Hero Member
  • *****
  • Posts: 608
on: Jun 30, 2018
Since resources are not equally substitutable across uses:
 a. the production possibilities curve will be positively sloped.
  b. the production possibilities curve will be a straight line.
 c. the production possibilities curve will be bowed outward.
  d. the production possibilities curve will be bowed inward.

Question 2

The quantity of RGDP supplied will decrease in both the short run and long run when the price level falls.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ndhahbi

  • Sr. Member
  • ****
  • Posts: 390
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

False


K@

  • Member
  • Posts: 608
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

matt95

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Wives and husbands are equally as likely to initiate violence, but unlike this photo, wives are more ... Wives and husbands are equally as likely to initiate violence, but unlike this photo, wives are more ...
Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ... Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ...
Thyroid hormone production—Relationship between pituitary and thyroid glands. Thyroid hormone ... Thyroid hormone production—Relationship between pituitary and thyroid glands. Thyroid hormone ...
Natural Resources and Industry Natural Resources and Industry
Electricity production accounts for 25% of greenhouse gas emissions Electricity production accounts for 25% of greenhouse gas emissions
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
Video: Interview with Person having Obsessive Compulsive Disorder

For a complete list of videos, visit our video library