× Didn't find what you were looking for? Ask a question
  
  
Top Posters
Since Sunday
3
T
3
I
3
J
2
!
2
p
2
f
1
P
1
1
k
1
A
1
New Topic  
ashleyltd27 ashleyltd27
wrote...
Posts: 367
Rep: 1 0
A year ago
Along a production possibilities curve showing capital and consumption goods production, which of the following pairs are being held fixed?
 a. Unemployment and capital goods production.
  b. Number of resources and consumption goods production.
  c. Composition of the economy's output and number of resources.
  d. Capital and consumption goods production.
  e. Technology and number of resources.

QUESTION 2

The law of increasing opportunity costs causes the production possibilities curve to:
 a. be a straight line. b. slope upwards.
  c. have a bowed-out shape. d. shift inward.

QUESTION 3

If society leaves some of its resources unemployed, then it will be operating at a point:
 a. beneath its production possibilities curve.
  b. at a corner of its production possibilities curve.
  c. anywhere along its production possibilities curve.
  d. outside of its production possibilities curve.

QUESTION 4

As production of a good increases, opportunity costs rise because:
 a. there will be more inefficiency. b. people always prefer having more goods.
  c. of inflationary pressures. d. workers are not equally suited to all tasks.

QUESTION 5

All points on the production possibilities curve are:
 a. unattainable. b. fair.
  c. efficient. d. optimal.
Read 18 times
3 Replies
Replies
Answer verified by a subject expert
BoBo
wrote...
Posts: 415
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free.
[Answer to ques. #1]  e

[Answer to ques. #2]  c

[Answer to ques. #3]  a

[Answer to ques. #4]  d

[Answer to ques. #5]  c
1

Related Topics

wrote...
A year ago
I can't even begin to explain how much your help meant to me!
Bo
wrote...
A year ago
Happy to hear that, good luck with the rest of them
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  53 People Browsing
 160 Signed Up Today
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 88

Previous poll results: Where do you get your textbooks?
Related Images
 1047
 134
 51