Solved

Which of the Following Statements About the Production Possibilities Curve

Question 34

Multiple Choice

Which of the following statements about the production possibilities curve is the most accurate?


A) It is a curve that shows the quantity of output that will be offered for sale at various prices.
B) It is a graph that shows the various combinations of output it is possible for an economy to produce given its available resources and technology.
C) It is a graph that shows the combinations of output that are most profitable to produce.
D) It is a graph that shows the various combinations of resources that can be used to produce a given level of output.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q29: FIGURE 2-2
FIGURE 2-2 </p></div><svg width=

Q30: FIGURE 2-1
FIGURE 2-1 </p></div><svg width=

Q31: FIGURE 2-1
FIGURE 2-1 </p></div><svg width=

Q32: FIGURE 2-2
FIGURE 2-2 </p></div><svg width=

Q33: FIGURE 2-2
FIGURE 2-2 </p></div><svg width=

Q35: FIGURE 2-1
FIGURE 2-1 </p></div><svg width=

Q36: If the production possibilities curve is a

Q37: What does a straight-line production possibilities curve

Q38: FIGURE 2-2
FIGURE 2-2 </p></div><svg width=

Q39: FIGURE 2-1
FIGURE 2-1 </p></div><svg width=

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents