Multiple Choice
What determines the position and shape of a society's production possibilities curve?
A) the physical resources of that society
B) the level of technology of the society
C) the number of factories available to the society
D) all of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q131: Which of the following is not a
Q132: A point beyond the boundary of an
Q133: A straight line production possibilities curve implies
Q134: When resources are used efficiently, you can
Q135: Which of the following does not describe
Q137: An inefficient use of resources can be
Q138: An economy's production possibilities curve for a
Q139: The concavity (bowed-out shape) of the production
Q140: If additional units of output could be
Q141: Any movement along an existing production possibilities