« previous next »

Author Question: A point inside a production possibilities curve reflects: a. the law of increasing costs. b. ... (Read 62 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?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Inside a Toddler's Brain Inside a Toddler's Brain
The Light Curve of a Nova The Light Curve of a Nova
A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ... A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ...
The primary windings are inside the secondary windings on this General Motors coil. The primary windings are inside the secondary windings on this General Motors coil.
The energy set-point view that is the basis of many people’s thinking about hunger and eating. The energy set-point view that is the basis of many people’s thinking about hunger and eating.
The circadian rhythm is a wave-like curve The circadian rhythm is a wave-like curve
Video: What Are Carbohydrates? Importance of Carbs & High Carb Food

For a complete list of videos, visit our video library