In drawing the production possibilities curve we assume that:
A) technology is fixed.
B) unemployment exists.
C) economic resources are unlimited.
D) wants are limited.
Correct Answer:
Verified
Q78: A production possibilities curve illustrates
A)scarcity.
B)market prices.
C)consumer preferences.
D)the
Q101: In drawing a production possibilities curve we
Q102: A production possibilities curve shows:
A)that resources are
Q103: The production possibilities curve illustrates the basic
Q104: (The following economy produces two products.) Production
Q105: (The following economy produces two products.) Production
Q108: The production possibilities curve shows:
A)the various combinations
Q109: When an economy is operating with maximum
Q110: The production possibilities curve tells us:
A)what specific
Q111: The production possibilities curve represents which of
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