Multiple Choice
The production possibilities curve shows:
A) the various combinations of two goods which can be produced when society uses its scarce resources efficiently.
B) the minimum outputs of two goods which will sustain a society.
C) the various combinations of two goods which can be produced when some resources are unemployed.
D) the ideal, but unattainable, combinations of two goods which would maximize consumer satisfactions.
Correct Answer:

Verified
Correct Answer:
Verified
Q8: Economists<br>A) always put the independent variable on
Q39: Positive statements are expressions of value judgments.
Q179: The production possibilities curve tells us:<br>A)what specific
Q180: A point inside a production possibilities curve
Q182: The production possibilities curve represents:<br>A)the maximum amount
Q185: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" In the above
Q186: Through specialization and international trade a nation:<br>A)can
Q187: Rational individuals may make different choices because
Q188: The "economic perspective" refers to:<br>A)macroeconomic phenomena, but
Q189: The marginal benefit curve is:<br>A)upward sloping because