Author Question: Any movement along the production possibilities frontier involves the production of a. more of both ... (Read 57 times)

jayhills49

  • Hero Member
  • *****
  • Posts: 559
Any movement along the production possibilities frontier involves the production of
 a. more of both goods
  b. more of one good and less of the other
  c. less of both goods
  d. more resources
  e. better technology

Question 2

On a straight-line production possibilities frontier, which of the following is true?
 a. The problem of scarcity does not exist.
  b. Resources are imperfect substitutes.
  c. Opportunity costs are constant.
  d. Technology is rapidly expanding.
  e. Some resources are not being used efficiently.



brbarasa

  • Sr. Member
  • ****
  • Posts: 308
Answer to Question 1

B

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

For a complete list of videos, visit our video library