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

Author Question: Any point on the production possibilities curve illustrates: a. minimum production combinations. b. ... (Read 57 times)

ahriuashd

  • Hero Member
  • *****
  • Posts: 535
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chloejackso

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


ahriuashd

  • Member
  • Posts: 535
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

How to find the maximum and minimum of a quadratic relation How to find the maximum and minimum of a quadratic relation
How to determine if a quadratic equation has a maximum or minimum when given the roots How to determine if a quadratic equation has a maximum or minimum when given the roots
The Lorenz Curve for the United States, 2009 The Lorenz Curve for the United States, 2009
Punnett square of the dihybrid cross shown in Figure 3.8. There are two combinations of dominant and Punnett square of the dihybrid cross shown in Figure 3.8. There are two combinations of dominant and
A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ... A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ...
Constructing a Three-Point Recombination Map Constructing a Three-Point Recombination Map
Video: Olfaction. or the sense of smell

For a complete list of videos, visit our video library