Multiple Choice
A production possibilities curve is negatively sloped because:
A) unemployment increases as an economy moves down along the curve.
B) along the curve, production of one good must be sacrificed in order to increase production of another.
C) unemployment decreases as an economy moves down along the curve.
D) as the price falls, more goods are purchased.
Correct Answer:
Verified
Correct Answer:
Verified
Q147: Which of the following is not one
Q148: Which of the following is a possible
Q149: When economic growth occurs it will:<br>A)eventually eliminate
Q150: An economy that has many unemployed workers
Q151: Exhibit 3-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-3
Q153: Which of the following would not shift
Q154: Which of the following is an example
Q155: Since resources are not equally substitutable across
Q156: If the production possibilities curve is a
Q157: Exhibit 3-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-5