Multiple Choice
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
Correct Answer:
Verified
Q80: In a market capitalist economy:<br>A) factors of
Q81: Increases in resources or improvements in technology
Q82: In the 1980s, the federal government undertook
Q83: Efficient production exists when the economy is:<br>A)
Q84: A factor of production that is produced
Q86: Money is a factor of production because
Q87: Production possibilities curves are bowed out away
Q88: The best example of a command socialist
Q89: Factors of production are:<br>A) the resources the
Q90: Use the following to answer question(s): <br>Exhibit: