This topic contains a solution. Click here to go to the answer

Author Question: If the production possibilities curve is a downward-sloping straight line, that would indicate a. ... (Read 76 times)

Wadzanai

  • Hero Member
  • *****
  • Posts: 528
If the production possibilities curve is a downward-sloping straight line, that would indicate
 a. that society cannot decide which good it prefers
  b. an absence of scarcity
  c. constant opportunity cost
  d. inefficiency
  e. specialization

Question 2

The concave shape of a production possibilities frontier showing possible output levels of good A and good B indicates that if the economy produces more and more of good B,
 a. larger and larger amounts of good A must be sacrificed
  b. smaller and smaller amounts of good A must be sacrificed
  c. more of good A will be produced
  d. the amount of resources available in the economy must be increased
  e. there must be an improvement in technology



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

juicepod

  • Sr. Member
  • ****
  • Posts: 310
Answer to Question 1

C

Answer to Question 2

A




Wadzanai

  • Member
  • Posts: 528
Reply 2 on: Jul 1, 2018
:D TYSM


anyusername12131

  • Member
  • Posts: 327
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

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