« previous next »

Author Question: A point inside a production possibilities curve reflects: a. the law of increasing costs. b. ... (Read 46 times)

washai

  • Hero Member
  • *****
  • Posts: 523
on: Jun 30, 2018
A point inside a production possibilities curve reflects:
 a. the law of increasing costs.
  b. technological innovation.
  c. less than full use of resources and technology.
  d. economic efficiency.
  e. a way to increase future economic growth.

Question 2

Which of the following is true about the production possibilities curve when a technological progress occurs? The curve:
 a. shifts inwards to the left.
  b. becomes flatter at one end and steeper at the other end.
  c. becomes steeper.
  d. shifts outward to the right.
  e. does not change.


nicoleclaire22

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Block Diagram of a High Concentrate Nitric Acid System for Dual-Stage Pressure Production of Nitric Block Diagram of a High Concentrate Nitric Acid System for Dual-Stage Pressure Production of Nitric
Graph showing the relationship between the freezing point of the coolant and the percentage of ... Graph showing the relationship between the freezing point of the coolant and the percentage of ...
Production of ATP in Skeletal Muscle Production of ATP in Skeletal Muscle
Summary of the effects on transcription levels of different point mutations Summary of the effects on transcription levels of different point mutations
Relationship Between the Atlas and the Axis. The Dens of the Axis Provides a Pivotal Point Around Wh Relationship Between the Atlas and the Axis. The Dens of the Axis Provides a Pivotal Point Around Wh
Constructing a Three-Point Recombination Map Constructing a Three-Point Recombination Map
Video: SNP Polymorphysim Microarray Chip - How to Test a Person's DNA

For a complete list of videos, visit our video library