The typical production possibilities curve is:
A. an upsloping line that is bowed out from the origin.
B. a downsloping line that is bowed in toward the origin.
C. a downsloping line that is bowed out from the origin.
D. a straight upsloping line.
Answer: C
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The International Labor Organization has been around since 1919, and has a consistent record of being willing to take action against countries that violate core labor standards
Indicate whether the statement is true or false
A negative shock in aggregate demand will likely result in no permanent change in ________
A) output B) the equilibrium inflation rate if the central bank responds by lowering interest rates C) aggregate demand, if the central bank responds by lowering interest rates D) all of the above E) none of the above
A decrease in the demand for the output that an input produces will cause the input's: a. supply curve to shift to the right. b. supply curve to shift to the left
c. demand curve to shift to the right. d. demand curve to shift to the left.
Which of the following is a term referring to those already working for the firm as “insiders” who know the procedures, while the other workers who are recent or prospective hires are “outsiders”?
a. insider-outsider theory b. insider-outsider argument c. insider-outsider contract d. insider-outsider model