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

Author Question: If some resources were used inefficiently, the economy would operate outside its production ... (Read 35 times)

tfester

  • Hero Member
  • *****
  • Posts: 534
If some resources were used inefficiently, the economy would operate outside its production possibilities curve.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Each and every point along a production possibilities curve represents an efficient output option for an economy.
 a. True
  b. False
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ttt030911

  • Sr. Member
  • ****
  • Posts: 315
Answer to Question 1

False

Answer to Question 2

True




tfester

  • Member
  • Posts: 534
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


ultraflyy23

  • Member
  • Posts: 312
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

For a complete list of videos, visit our video library