This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is not true about a production possibilities curve? The curve: a. indicates ... (Read 52 times)

tsand2

  • Hero Member
  • *****
  • Posts: 520
on: Jun 30, 2018
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
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

c


tsand2

  • Member
  • Posts: 520
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Abiotic production of biomolecules Abiotic production of biomolecules
Ebbinghaus’s forgetting curve Ebbinghaus’s forgetting curve
The neural pathway responsible for the production and learning of song in the male canary. The neural pathway responsible for the production and learning of song in the male canary.
Production-scale tangential flow filtration system. Production-scale tangential flow filtration system.
A dose-response curve describes the relationship between the quantity of the chemical entering the ... A dose-response curve describes the relationship between the quantity of the chemical entering the ...
World Crude Oil Production and Reserves (Billions of Barrels) World Crude Oil Production and Reserves (Billions of Barrels)
Video: Body plan of euglena Animation

For a complete list of videos, visit our video library