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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 3
INTRODUCTION TO ECONOMICS
This road map feature helps you tie together material in the part as you travel the Economic Way of Thinking Highway. The following are review questions listed by chapter from the previous part. The key concept in each question is given for emphasis, and each question or set of questions concludes with an interactive game to reinforce the concepts. Visit cengagebrain.com to purchase the MindTap product where you can select a chapter and play the visual causation chain game designed to make learning fun. The correct answers to the multiple choice questions are given in Appendix C.
Key Concept: Production possibilities curve
Which of the following is not true about a production possibilities curve? The curve
A) indicates the combinations of goods and services that can be produced with a given technology.
B) indicates the efficient production points.
C) indicates the nonefficient production points.
D) indicates the feasible (attainable) and nonfeasible production points.
E) indicates which production point will be chosen.
This road map feature helps you tie together material in the part as you travel the Economic Way of Thinking Highway. The following are review questions listed by chapter from the previous part. The key concept in each question is given for emphasis, and each question or set of questions concludes with an interactive game to reinforce the concepts. Visit cengagebrain.com to purchase the MindTap product where you can select a chapter and play the visual causation chain game designed to make learning fun. The correct answers to the multiple choice questions are given in Appendix C.
Key Concept: Production possibilities curve
Which of the following is not true about a production possibilities curve? The curve
A) indicates the combinations of goods and services that can be produced with a given technology.
B) indicates the efficient production points.
C) indicates the nonefficient production points.
D) indicates the feasible (attainable) and nonfeasible production points.
E) indicates which production point will be chosen.
Explanation
Verified
Verified
On a production possibility curve every ...
Economics for Today 9th Edition by Irvin Tucker
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