As an economy moves from point to point along its production possibilities curve, which one of the following variables changes?
A) the total amount of resources employed
B) the level of technology
C) the level of efficiency of some factors of production
D) the amount of each good or service produced
Correct Answer:
Verified
Q267: During periods of unemployment
A) the economy operates
Q268: Q269: Inefficient use of resources is shown on Q270: Efficiency is achieved Q271: Refer to the above figure. Which one Q273: Technology Q274: The production possibilities curve for two products Q275: Refer to the above figure. How do Q276: In constructing a production possibilities curve, all Q277: A bowed-outward production possibilities curve demonstrates the![]()
A) when output is being
A) is constantly changing at every point
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