Author Question: Any movement along the production possibilities frontier involves the production of a. more of both ... (Read 43 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?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

For a complete list of videos, visit our video library