In drawing a production possibilities curve, it is assumed that:
A) technology does not change.
B) the economy is fully employed and may not be efficient.
C) there are increasing qualities of the factors of production.
D) all of the above are true.
Correct Answer:
Verified
Q17: The factors of production are:
A) money, labor,
Q18: Capital is best considered as:
A) the natural
Q19: Factors of production are:
A) the resources the
Q20: Increasing the level of education in the
Q21: Use the following to answer question(s):
Exhibit:
Q23: Which of the following is not capital?
A)
Q24: Use the following to answer question(s):
Exhibit:
Q25: Use the following to answer question(s):
Exhibit:
Q26: Use the following to answer question(s):
Exhibit:
Q27: One of the two criteria for a
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