« previous next »

Author Question: The production possibilities curve illustrates: a. the minimum quantity of two resources necessary ... (Read 99 times)

Kthamas

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
The production possibilities curve illustrates:
 a. the minimum quantity of two resources necessary to produce a given level of output.
 b. that when resources are currently being used inefficiently, it is possible to increase production of one good only by sacrificing some of another good.
  c. that when resources are currently being used efficiently, it is possible to increase production of one good only by sacrificing some of another good.
  d. the minimum quantities of output that can be produced using available resources.

Question 2

Which of the following is likely to increase the equilibrium real interest rate?
 a. greater tax benefits for IRAs
 b. technological improvement creating profitable investment opportunities
  c. elimination of an investment tax credit for corporations
 d. an increased consumption tax


nyrave

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Review Bundling, Add-on Codes, and Quantity Edits Review Bundling, Add-on Codes, and Quantity Edits
A Receiver-Operating-Characteristic (ROC) Curve A Receiver-Operating-Characteristic (ROC) Curve
Minerals are nonrenewable resources in limited supply Minerals are nonrenewable resources in limited supply
Role of Factors of Production in Determining Output per Worker, 2009 Role of Factors of Production in Determining Output per Worker, 2009
Production and Prices in Richland and Poorland Production and Prices in Richland and Poorland
Resources from Rocks and Minerals Resources from Rocks and Minerals
Video: Attention Deficit Disorder (ADD)

For a complete list of videos, visit our video library