Which of the following is true of the production possibilities curve?
a. It assumes a fixed level of technology. b. It assumes resources are fixed.
c. It assumes resources are fully employed. d. All of these are correct.
Question 2
Which of the following most accurately indicates the implications of an economy's production possibilities curve?
a. If all the resources of an economy are being used efficiently, more of one good can be produced only if less of another good is produced.
b. If all the resources of an economy are being used efficiently, it is generally possible to produce more of one good without having to sacrifice the production of other goods.
c. Over time, it is generally impossible for a country to expand its production of goods.
d. An economy will automatically move toward a point that lies outside of the production possibilities constraint unless proper government policy constrains production.
Sea-Level Rise
Hockey stick” curve
The Nile Delta will be strongly affected by a rise in sea level of 50 cm
Bacteria growth curve
A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ...
Saturation curve for hemoglobin of humans, llamas, and other mammals.