Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The question to the top one is: Which of the following statements if FALSE? Need help I've been stuck on these a. situation. Marginal analysis

The question to the top one is: Which of the following statements if FALSE? Need help I've been stuck on these

image text in transcribed
a. situation. Marginal analysis is an examination of the effects of additions or subtractions from a current b. The production possibilities curve shows the maximum combination of two outputs that an C. economy can produce, given its available resources and technology. Technology is the body of knowledge and skills applied to how goods are produced. d. Economic growth is illustrated as an inward shift of the production possibilities curve. 8. Given a production possibilities curve, a point: a. inside the curve represents unemployment. b. on the curve represents full employment. c. outside the curve is currently unattainable. d. all of the above. 9. A rightward (an outward) shift of a nation's production possibilities curve could be caused by: a. a decrease in technology. b. an increase in resources. c. producing more consumer and fewer capital goods. d. a decline in the labor force's level of education and skills

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Cases An Active Learning Approach

Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

2nd Edition

0130674842, 978-0130674845

More Books

Students also viewed these Economics questions

Question

Know how to prepare for an interview prior to an applicants arrival

Answered: 1 week ago