0
What else can I help you with?
Continue Learning about Economics
How does production possibilities curve differ from production possibilities frontier?
the possibility production curve show production that can be produces using minimum resources whereas the possibilty productive frointer show the attainable levls of production.
What does each point on a production possibilities curve show?
an efficient utilization of resources
If a country uses up a good portion of its available resources what happens to its production possibilities curve?
The curve moves inward
If the law of increasing opportunity costs is reflected in a production possibilities curve which is?
production possibilities curve convex to the origin. Elson Mendoza was here.
If the economy is inside the production possibilities curve then more output can be produced using existing resources true or false?
That is true :)
Trending Questions
What would the government do or refrain from doing under a laissez faire philosophy?
What does a cost of living index of 96 mean?
What is the main difference between developed countries and developing countries?
Why is transportation called the artery of economy?
Why was the economy favorable of businesses during the 1920s?
What is the difference between complementary and substitute goods, and can you provide one example of each type of good?
What is the long term prospect of world economy?
How can one determine the Nash equilibrium in game theory?
What is one major benefit countries get from joining intergovernmental organizations?
What is the difference between a demand curve and a demand schedule, and how do they each represent the relationship between price and quantity demanded in economics?
How does the relationship between interest rates, aggregate income, and the price level impact the overall economy?
How much is 23 euros in dollars?
What is the currant price for pewter?
How would you greet the chancellor of the exchequer?
What countries represent the largest global business opportunities for the next decade?
How many euro cents to a pound?
What caused of the stock market crash?
Assuming the total population is 200 million the labor force is 100 million and 92 million workers are employed the unemployment rate is?
What is the number 1 cause for poverty?
What is a poverty of speech?
Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.