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wrote...
Posts: 160
2 months ago

Question 1.

A graphical representation which shows the trade-off that occurs when more of one output is obtained at the expense of another is called

• a supply curve.

• a growth curve.

• a production possibilities curve.

• a scarcity curve.

Question 2.




Which of the following would NOT allow society to move to point "h" in the above figure?

• an increase in quantity of capital

• more efficient use of current resources

• an increase in quantity of labor

• an improvement in technology
Source  Download
Economics Today: The Micro View
Edition: 19th
Author:
Read 18 times
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Answer verified by a subject expert
wrote...
Posts: 189
2 months ago
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Answer 1

a production possibilities curve.

Answer 2

more efficient use of current resources
1
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