Solved

The Production Possibilities Frontier Model Assumes All of the Following

Question 24

Multiple Choice

The production possibilities frontier model assumes all of the following, except


A) labour, capital, land, and natural resources are fixed in quantity.
B) the economy produces only two products.
C) any level of the two products that the economy produces is currently possible.
D) the level of technology is fixed and unchanging.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q21: Figure 2.2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3061/.jpg" alt="Figure 2.2

Q22: Figure 2.17 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3061/.jpg" alt="Figure 2.17

Q27: Figure 2.13 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3061/.jpg" alt="Figure 2.13

Q32: If Blake can pick more cherries in

Q50: Suppose there is no unemployment in the

Q69: If society decides it wants more of

Q160: All of the following countries come close

Q213: In a two-good,two country world,if one country

Q230: The payment received by suppliers of entrepreneurial

Q235: Figure 2-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 2-1