A production possibility graph slopes down because of:
A) the law of increasing costs.
B) non-homogeneous resources.
C) inefficiency.
D) an improper output mix.
E) unemployment.
Correct Answer:
Verified
Q18: Exhibit 2-1 Production possibilities frontier data
Q19: Exhibit 2-1 Production possibilities frontier data
Q20: Marginal analysis:
A) compares some benefits of a
Q21: Efficient production means producing:
A)less than feasible output
Q22: When the opportunity cost of producing laptops
Q24: If an economy is producing at full
Q25: A point outside a production possibilities curve
Q26: Exhibit 2-2 Production possibilities frontier
Q40: Which of the following is true about
Q96: Along a production possibilities curve showing capital
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