Multiple Choice
An economy's production possibilities curve for a year is drawn assuming:
A) a fixed quantity of resources and technology that is changing along the curve.
B) an unchanging level of technology and a changing quantity of resources.
C) a fixed quantity of available resources and an unchanging level of technology.
D) that the productivity of resources increases continually.
Correct Answer:

Verified
Correct Answer:
Verified
Q133: A straight line production possibilities curve implies
Q134: When resources are used efficiently, you can
Q135: Which of the following does not describe
Q136: What determines the position and shape of
Q137: An inefficient use of resources can be
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
Q142: Exhibit 3-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-4
Q143: It can be said that, ultimately, consumers