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

Author Question: The law of increasing opportunity costs causes the production possibilities curve to: a. be a ... (Read 58 times)

bb

  • Hero Member
  • *****
  • Posts: 544
The law of increasing opportunity costs causes the production possibilities curve to:
 a. be a straight line. b. slope upwards.
  c. have a bowed-out shape. d. shift inward.

Question 2

If society leaves some of its resources unemployed, then it will be operating at a point:
 a. beneath its production possibilities curve.
  b. at a corner of its production possibilities curve.
  c. anywhere along its production possibilities curve.
  d. outside of its production possibilities curve.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

31809pancho

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

c

Answer to Question 2

a




bb

  • Member
  • Posts: 544
Reply 2 on: Jun 30, 2018
Excellent


sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

For a complete list of videos, visit our video library