The production possibility curve (PPC) shows the ________ production of one good for ________ production level of the other good.
A. maximum; the minimum
B. minimum; every possible
C. maximum; every possible
D. minimum; the maximum
Answer: C
You might also like to view...
On ________, October 19, 1987, the stock market experienced its worst one-day drop in its entire history with the DJIA falling by 22%
A) "Terrible Tuesday" B) "Woeful Wednesday" C) "Freaky Friday" D) "Black Monday"
Of the 1790 colonist population, over 80 percent was of European origin while about 20 percent was of African origin
Indicate whether the statement is true or false
Assume that supply increases slightly and demand increases greatly. Which of the following will happen?
a. equilibrium price will fall and equilibrium quantity will rise b. equilibrium price will rise and equilibrium quantity will fall c. equilibrium price will rise and equilibrium quantity will rise d. equilibrium price will fall and equilibrium quantity will fall e. neither equilibrium price nor equilibrium quantity will change
Which of the following increases the demand for money?
A) an increase in the costs of transferring between money and non-money accounts B) a decrease in real GDP C) a decrease in the price level D) declining preferences by consumers for holding money