Which of the following is NOT an assumption used in deriving a production possibilities curve?
A) The labor force is growing at a constant rate.
B) Resources are fully employed.
C) Technology is constant.
D) The quantity of resources is constant.
Correct Answer:
Verified
Q225: According to the above table, the opportunity
Q226: Q227: Efficiency can correctly be defined as Q228: Typically, the greater the specialization of resources Q229: Given the production possibilities schedule in the Q231: All of society's applied knowledge on how Q232: Which of the following is an assumption Q233: Given the production possibilities schedule in the Q234: A bowed production possibilities curve is consistent Q235: A point inside a production possibilities curve
A) producing
A)
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