This topic contains a solution. Click here to go to the answer

Author Question: When constructing a production possibility curve for an economy, which of the following is assumed ... (Read 40 times)

shofmannx20

  • Hero Member
  • *****
  • Posts: 562
When constructing a production possibility curve for an economy, which of the following is assumed to be constant?
 a. The quantity of resources
  b. The government budget
  c. The quantity of goods produced
  d. The price level
  e. The money supply

Question 2

Which of the following is part of the economic way of thinking?
 a. When an option becomes less beneficial, individuals will become more likely to choose it.
  b. Costs are incurred whenever scarce resources are used to produce goods or services.
 c. The value of a good is determined by its cost of production.
 d. Both a. and b. are part of the economic way of thinking.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

SVictor

  • Sr. Member
  • ****
  • Posts: 365
Answer to Question 1

a

Answer to Question 2

b




shofmannx20

  • Member
  • Posts: 562
Reply 2 on: Jun 30, 2018
Wow, this really help


chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

For a complete list of videos, visit our video library