Multiple Choice
Some of our farm fields are being left unused.Does this have any implications for the economy's PPF diagram (with agricultural products on one axis and all other products on the other axis) ?
A) There are no implications because the PPF deals only with resources in use.
B) The PPF cannot be drawn if some resources are idle.
C) With unemployed resources,we are at a point below (inside) the PPF.
D) The PPF would be upward sloping.
Correct Answer:

Verified
Correct Answer:
Verified
Q94: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q95: Exhibit 2-10<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt="Exhibit 2-10
Q96: Give a definition of an advance in
Q97: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q98: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q100: A production possibilities frontier separates an attainable
Q101: If there is always a 4-for-1 tradeoff
Q102: An increase in the quantity of resources
Q103: Which of the following statements is true?<br>A)
Q104: If resources are better suited toward the