Multiple Choice
The production possibilities curve represents the fact that:
A) the economy will automatically end up at full employment.
B) an economy's productive capacity increases proportionally with its population.
C) if all resources of an economy are being used efficiently, more of one good can be produced only if less of another good is produced.
D) economic production possibilities have no limit.
Correct Answer:

Verified
Correct Answer:
Verified
Q50: If the United States has a lower
Q51: The major difference between natural resources and
Q52: By specializing in the production of particular
Q53: Trade can be beneficial to an economy
Q54: The slope of a typical production possibilities
Q56: Use the following to answer question(s): <br>Exhibit:
Q57: If a production possibilities curve were bowed
Q58: Two friends, one an engineer and the
Q59: Use the following to answer question(s): <br>Exhibit:
Q60: If wages are higher in the United