What determines the position and shape of a societys production possibilities curve? a. the physical resources of

Question:

What determines the position and shape of a society’s production possibilities curve?

a. the physical resources of that society

b. the skills of the workforce

c. the level of technology of the society

d. the number of factories available to the society

e. all of the above

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Exploring Economics

ISBN: 9780324395464

4th Edition

Authors: Robert L. Sexton

See More Books

Question Posted: Oct 25, 2024 05:01 AM

See More Questions

Joel purchased 100 shares of stock for $20 per share. During the year, he received dividend cheques amounting to $150. After three years, Joel sold the stock for $32 per share. What was his holding...
Identify the three factors reflected in the MACRS tables when the amount of cost recovery is determined.
Write a mechanism for the conversion of -ketoglutarate to succinyl CoA in step 4 of the citric acid cycle(Figure). O Acetyl CoA adds to oxaloacetate in an aldol H3C SCOA Acetyl CoA reaction to give...
What determines the position and shape of a societys production possibilities curve? a. the physical resources of that society b. the skills of the workforce c. the level of technology of the society...
(Revenue Recognition and Matching Principle) On June 5, 2003, McCoy Corporation signed a contract with Sulu Associates under which Sulu agreed (1) to construct an office building on land owned by...
https: / / www . chegg.com / homework - help / questions - and - answers / distance - m - d - 9 - h - hr - hi - question - 5 - experiment - 2 - see - figure - 2 - cart - rolls - inclined - track -...
Consider a production possibilities curve for an economy producing bicycles and video game players. It is possible to increase the production of bicycles without sacrificing video game players if a....
Which of the following is the most accurate statement about a production possibilities curve? a. An economy can produce at any point inside or outside its production possibilities curve. b. An...
List a few major changes you have experienced in life (such as moving, divorce in the family, illness, starting college, or starting or ending a relationship). Now, using the synonyms for change in...
2. Problem 3.2 from Textbook (page 80). Consider an age-structured discrete time population dynamics model with evolution model (3.7) We assume that pj+1 = Rp, 82 1-11 BN-1 BN 1-12 where R = 1-N-1 0...
2. Problem 3.2 from Textbook (page 80). Consider an age-structured discrete time population dynamics model with evolution model (3.7) We assume that pj+1 = Rp, 82 1-11 BN-1 BN 1-12 where R = 1-N-1 0...
An estuary is a partly enclosed coastal body of brackish water with one or more rivers or streams flowing into it, and with a free connection to the open sea [Wikipedia]. The salt concentration in an...
You are considering buying stock A. What is the standard deviation of this stock? Round to 4 decimal places represent % return as decimal for example not 30% but .30. Economic Probability Expected...
The risk-free rate is 4.31% and the expected return on the market 9.91%. A stock with a of 1.15 will have an expected return of ____%. Answer format: Percentage Round to: 2 decimal places (Example:...
For the following diagram, compute the rate of return. A=1000 412 5000
Hotel Majestic is interested in estimating fixed and variable costs so that the company can make more accurate projections of costs and profit. The hotel is in a resort area that is particularly busy...

What determines the position and shape of a societys production possibilities curve? a. the physical resources of

Question:

Step by Step Answer:

Exploring Economics

Students also viewed these Business questions