Which of the following is an assumption under which the production possibilities curve is drawn?
A) Total unemployment is zero.
B) The supply of resources is fixed.
C) The price level is changing.
D) Technology is changing.
Correct Answer:
Verified
Q2: A production possibilities curve indicates the
A)Combinations of
Q3: A consequence of the economic problem of
Q4: Opportunity cost is
A)Measured only in dollars and
Q5: Opportunity cost may be defined as the
A)Goods
Q6: Which economist argued that free markets unleashed
Q7: Capital,as economists use the term,refers to
A)The cash
Q8: The role of the entrepreneur in an
Q9: The basic factors of production include
A)Land,labor,money,and capital.
B)Land,labor,money,and
Q10: The fundamental problem of economics is
A)The law
Q11: Which of the following is not one
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