The production possibilities model holds _____ and _____ constant.
A) growth; human capital
B) land; labor
C) labor; capital
D) resources; technology
Correct Answer:
Verified
Q195: Which economist is known for first describing
Q196: Which items restrict our choices so that
Q197: A production possibilities frontier will have a
Q198: Every point on a production possibilities frontier
Q199: (Figure: Biscuits and Cookies PPFs) Greg and
Q201: Voluntary trade between nations
A) has an outcome
Q202: The limits on international trade include all
Q203: (Table: Production Possibilities Schedule) In the table,
Q204: (Table) Given the production possibilities schedules for
Q205: Two countries will benefit from trade if
A)
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