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

Author Question: Which of the following is not true about a production possibilities curve? The curve: a. indicates ... (Read 50 times)

tsand2

  • Hero Member
  • *****
  • Posts: 520
Which of the following is not true about a production possibilities curve? The curve:
 a. indicates the combinations of goods and services that can be produced with given technology.
  b. indicates the efficient production points.
  c. indicates the non-efficient production points.
  d. indicates the feasible (attainable) and non-feasible production points.
  e. indicates which production point will be chosen.

Question 2

If an economy is producing at full employment, it means that:
 a. there are idle resources in this economy.
  b. the production is not efficient.
  c. the economy is producing along its production possibilities curve.
  d. the economy is producing at a point that is to the left of the production possibilities curve.
  e. the economy is producing at a point that is to the right of the 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

xoxo123

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

e

Answer to Question 2

c




tsand2

  • Member
  • Posts: 520
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

For a complete list of videos, visit our video library