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
Q14: Capital,as economists use the term,refers to
A)The money
Q14: Opportunity cost may be defined as the
A)Goods
Q14: With respect to factors of production,which of
Q15: A production possibilities curve indicates the
A)Combinations of
Q16: Which of the following is not a
Q17: The fundamental problem of economics is
A)The law
Q21: The production possibilities curve illustrates
A)The limitations that
Q22: The production possibilities curve illustrates which two
Q23: Which of the following will cause the
Q24: The points on a production possibilities curve
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents