The bowed production possibilities curve represents:
a. constant opportunity costs
b. decreasing opportunity costs.
c. increasing opportunity costs.
d. none of the above
c
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Banks that are managed in a very safe and conservative manner can be expected to earn
A. high, steady profits. B. high but volatile profits. C. low and consistent profits. D. low profits with occasional major losses.
As the price of leather increases
A. the price of leather shoes will decrease. B. the demand for leather shoes will increase. C. the quantity of leather shoes demanded will decrease. D. the supply of leather shoes will increase.
When total production is greater than total expenditures, __________ is produced than households want to buy, which leads to __________ in inventory, which signals firms that they have __________, which causes firms to cut back production
A) less; decreases; underproduced B) less; increases; overproduced C) more; decreases; underproduced D) more; increases; overproduced
Medicare hip and knee bundled payments have been able to reduce costs by
A. negotiating lower fees for surgeons. B. eliminating discharge planning. C. reducing postsurgical rehabilitation costs. D. All of the above