« previous next »

Author Question: A point inside a production possibilities curve reflects: a. the law of increasing costs. b. ... (Read 69 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?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

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?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Fluids inside and outside of cells Fluids inside and outside of cells
Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus
Abiotic production of biomolecules Abiotic production of biomolecules
Electricity production accounts for 25% of greenhouse gas emissions Electricity production accounts for 25% of greenhouse gas emissions
Artist’s depiction of the view inside the uterus, showing a fetus connected by an umbilical cord ... Artist’s depiction of the view inside the uterus, showing a fetus connected by an umbilical cord ...
Ethylene Production During Strawberry Ripening Ethylene Production During Strawberry Ripening
Video: Dissociative Disorders (Part 1)

For a complete list of videos, visit our video library