Multiple Choice
If an economy is operating on its production possibilities frontier (PPF) ,are there any unemployed resources in the economy?
A) Yes, because if there weren't any unemployed resources the economy would be producing beyond its PPF.
B) No, because if there were any unemployed resources the economy would be producing below its PPF.
C) It depends on whether the economy's PPF is a concave (downward-sloping) curve or a straight line.
D) Yes, because there are always some natural resources that are unemployed.
E) The answer is "yes," but not for any of the reasons specified in answers a through d.
Correct Answer:

Verified
Correct Answer:
Verified
Q21: The PPF between goods X and Y
Q25: Suppose the economy goes from a point
Q39: The PPF between goods X and Y
Q74: With a constant opportunity cost between goods
Q80: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q111: Exhibit 2-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2061/.jpg" alt="Exhibit 2-3
Q113: If the law of increasing opportunity costs
Q117: Exhibit 2-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2061/.jpg" alt="Exhibit 2-2
Q122: A productive efficient society<br>A) produces at a
Q136: A PPF can<br>A) shift outward but not