On a given production possibilities frontier, which of the following is not assumed to be fixed?
A) the amount of labor available
B) the amount of capital available
C) the level of technology
D) the amount of land and natural resources available
E) the amount of goods produced
Correct Answer:
Verified
Q91: All of the following are examples of
Q92: In economics, specialization means _
A) producing something
Q93: The division of labor increases productivity because
Q94: At all points along the production possibilities
Q95: Which of the following is not a
Q97: Breaking down the production of a good
Q98: The division of labor _
A) reduces the
Q99: Hans can do 4 loads of laundry
Q100: A curve showing alternative combinations of goods
Q101: Table 2.3
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