Multiple Choice
Which of the following is NOT illustrated by a production possibility curve?
A) scarcity
B) opportunity cost
C) necessity for choice
D) price
Correct Answer:

Verified
Correct Answer:
Verified
Q99: In the graph of the circular flow
Q100: How can we measure the opportunity cost
Q101: What are the factors that can cause
Q102: Suppose Freeland produces few consumption goods and
Q103: Exhibit 3-13 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-13
Q105: Exhibit 3-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-4
Q106: Excessive unemployment of resources is illustrated using
Q107: Along a production possibilities curve that is
Q108: The main reason economists are concerned about
Q109: An economist defines efficiency as:<br>A)the maximization of