A nation's production possibilities curve is bowed out from the origin because:
A. resources are not generally equally efficient in producing every good.
B. the originator of the idea drew it this way and modern economists follow this convention.
C. resources are scarce.
D. wants are virtually unlimited.
Answer: A
Economics
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A) 530 B) 1080 C) 970 D) 550
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The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about 60,000 households, called the Current Population Survey
a. True b. False Indicate whether the statement is true or false
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If the APS is -0.2, the APC is
A. 0. B. 0.2. C. 0.8. D. 1.2.
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The slope of line (2) on the graph below is:
A. 0
B. 12
C. 18
D. Infinite
Economics