Solved

The Production Possibilities Frontier Demonstrates the Basic Economic Principle That

Question 38

Multiple Choice

The production possibilities frontier demonstrates the basic economic principle that:


A) market-based economies are more efficient.
B) supply will determine demand in the economy.
C) the production of more capital goods this year will cause the economy to produce fewer consumption goods next year.
D) to produce more of any one thing, assuming full employment, the economy must produce less of something else.
E) to produce more consumption goods this year requires the production of more capital goods this year.

Correct Answer:

verifed

Verified

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

Related Questions

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