Log in
Economics
1
answer
0
watching
85
views

The production possibilities curve shows different combinations of goods that:

A. Can be attained with full employment of resources

B. Cannot be attained with full employment of resources

C. Can be attained with underutlisation of resources

D. None of the above

Watch
1
answer
0
watching
85
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Yusra Anees
Yusra AneesLv10
4 Nov 2020

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

The production possibilities curve (PPC) shows the combinations of goods produced by the economy. Combinations of goods outside the production possibilities curve have which of the following characteristics? 

a) They are attainable today only if we employ all unemployed and underemployed resources. 

b) They are not attainable given our existing stock of resources and technology 

c) They imply that some resources such as labor are unemployed or underemployed 

d) None of the answers is correct

 

Allocative efficiency is concerned with:

a. producing the combination of goods most desired by society.

b. achieving the full employment of all available resources.

c. producing every good with the least-cost combination of inputs.

d. reducing the concavity of the production possibilities curve.

The production possibilities frontier model assumes all of the following except:

a. the economy produces only two products.

b. the level of technology is fixed and unchanged.

c. labor, capital, land, and natural resources are fixed in quantity.

d. production of goods requires full employment of all resources.

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in