Multiple Choice
Scenario: Jack takes 3 hours to complete a painting and 6 hours to create a sculpture. He has 30 hours of time to spend on both activities.
-Refer to the scenario above.If Jack has to decide between the number of paintings and sculptures he wants to make in the given time,which of the following will best represent his options?
A) A budget constraint
B) An indifference curve
C) A production possibilities curve
D) A supply curve
Correct Answer:
Verified
Correct Answer:
Verified
Q115: A production possibilities curve is plotted for
Q116: Free trade refers to the ability of
Q117: Scenario: Yasmin and Zeek are lawyers working
Q118: The following table shows the value of
Q119: The following figure depicts the production possibilities
Q121: The figure below shows the potential gains
Q122: The underlying motivation for trade,relies on one
Q123: Which of the following is not a
Q124: The use of government regulations and barriers
Q125: A few decades ago,there were hardly any