A production possibilities curve that is bowed out or concave to the origin:
a. illustrates a tradeoff in which the opportunity cost of a good increases with the level of its production.
b. illustrates a tradeoff in which the opportunity cost of a good decreases with the level of its production.
c. illustrates a tradeoff in which the opportunity cost of a good is constant at all levels of production.
d. demonstrates the fallacy of composition.
Question 2
If there were no real wealth or interest rate effect, the aggregate demand curve would still be downward sloping.
a. True
b. False
Indicate whether the statement is true or false
Testing the reducing atmosphere hypothesis for the origin of life - the Miller and Urey experiment.
Primary production is constrained by the most limiting factor.
In nest, under production
Unregulated populations "J-shaped curve"
Human of the planet's net primary production and appropriation of NPP
Construct a Lorenz curve that shows income distribution in this society.