Author Question: Any point on the production possibilities curve illustrates: a. minimum production combinations. b. ... (Read 109 times)

ahriuashd · **on:** Jun 30, 2018

Any point on the production possibilities curve illustrates:
a. minimum production combinations. b. maximum production combinations.
c. economic growth. d. a nonfeasible production combination.

Question 2

The production possibilities curve shows that:
a. some of one good must be given up to get more of another good in an economy that is operating efficiently.
b. no output combination is impossible.
c. an economy that is operating efficiently can have more of one good without giving up some of another good.
d. scarcity can be eliminated.