Multiple Choice
Which of the following does not determine the position and shape of a society's PPF?
A) physical resources
B) price level
C) skills and technology
D) past construction of factories and research
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q107: A market system is not considered an
Q222: An optimal decision is one that chooses
Q228: The concavity or bowed-out shape of the
Q229: Employment discrimination is a source of<br>A)economic inefficiency.<br>B)increased
Q230: From a society's viewpoint, when all resources
Q231: Although specialization of labor increases efficiency of
Q232: What would be the opportunity cost of
Q234: Although all points on the PPF are
Q235: The opportunity cost of increased production of
Q238: Workers in Adam Smith's famous pin factory