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Author Question: An economy's production possibility curve will be a straight line if: a. resources are not equally ... (Read 92 times)

chads108

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on: Jun 30, 2018
An economy's production possibility curve will be a straight line if:
 a. resources are not equally substitutable among productive tasks.
 b. the economy experiences significant unemployment.
 c. the opportunity cost of production of a good decreases as more of it is produced.
  d. the opportunity cost of production of a good is constant as more of it is produced.

Question 2

Sticky wages and input prices can explain why profits change along a short run aggregate supply curve.
 a. True
  b. False
  Indicate whether the statement is true or false


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okolip

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


chads108

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Reply 2 on: Jun 30, 2018
:D TYSM

Liddy

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Reply 3 on: Yesterday
Excellent

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