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Author Question: A price floor does not benefit producers. a. True b. False Indicate whether the statement is true ... (Read 76 times)

joesmith1212

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on: Jun 30, 2018
A price floor does not benefit producers.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

When more resources in an economy are devoted to the production of capital goods:
 a. the production possibilities curve shifts inward.
 b. the production possibilities curve in the current period shifts inward, but shifts outward in the future.
  c. the production possibilities curve shifts outward next in the future.
 d. the production possibilities curve is unchanged from period to period.


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triiciiaa

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

False

Answer to Question 2

c


joesmith1212

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  • Posts: 549
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

tranoy

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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