Author Question: A point outside the production possibilities curve PPC: a. represents inefficient use of resources. ... (Read 128 times)

penza

  • Hero Member
  • *****
  • Posts: 1,022
A point outside the production possibilities curve PPC:
 a. represents inefficient use of resources.
  b. represents the prevalence of unemployment.
  c. is attainable if all resources are used efficiently.
  d. represents more resources than are currently available.
  e. will never be attainable, even if the quantity of resources increases.

Question 2

Which of the following demonstrates marginal thinking?
 a. Deciding to never eat meat.
 b. Deciding to spend one more hour studying economics tonight because you think the improvement on your next text will be large enough to make it worthwhile to you.
  c. Deciding to go to a Sociology class that you usually skip because there is a guest lecturer you are really interested in hearing that day.
  d. Both b. and c. demonstrate marginal thinking.



princessflame2016

  • Sr. Member
  • ****
  • Posts: 298
Answer to Question 1

d

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

For a complete list of videos, visit our video library