Multiple Choice
Which of the following is not demonstrated by a production possibility curve?
A) Scarcity
B) Opportunity cost
C) Necessity for choice due to scarcity
D) Price
Correct Answer:
Verified
Correct Answer:
Verified
Q125: Each of the following is an example
Q126: Capital refers to<br>A)"man"-made goods used to produce
Q127: Scarcity exists because<br>A)of unlimited resources.<br>B)human wants are
Q128: Hypothetical Production Schedule for a Two-Product
Q129: Referring to a production possibilities curve and
Q131: Resources include<br>A)land,labor and money.<br>B)entrepreneurship and capital.<br>C)capital and
Q132: A small economy produces only pizzas and
Q133: If the country wanted to produce the
Q134: Opportunity cost can be best defined as<br>A)all
Q135: Our economy is generally operating _ the