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billyhilly billyhilly
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5 years 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
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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johnsykejohnsyke
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5 years ago
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