A production possibilities curve shows the:
A) dollar costs of producing two different goods.
B) amounts of labor and capital needed to produce one good.
C) various combinations of goods that can be produced.
D) prices of different goods that are produced in an economy.
E) inefficient use of available resources and technology.
Correct Answer:
Verified
Q42: Using a production possibilities curve, a technological
Q53: The production possibilities curve shows that:
A) some
Q71: The production possibilities curve depicts the various
Q72: Efficient production means producing:
A) less than feasible
Q73: What shape is the production possibilities curve
Q75: Of factors which affect any economy's production
Q76: Any point on the production possibilities curve
Q77: When an economy's resources are not fully
Q78: An efficient economy:
A) uses available resources fully.
B)
Q79: When the production possibilities curve is bowed
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