Which of the following concepts are illustrated by the production possibilities curve?

a. scarcity
b. choice
c. trade-offs
d. all of the above


d

Economics

You might also like to view...

Microeconomics is often called

A) price theory. B) decision science. C) scarcity. D) resource theory.

Economics

The innovation cycle is regarded as a long-wave cycle and it can last as long as

a. 500 years b. 100 years c. 75 years d. 30 years e. 10 years

Economics

Which of the following are scarce resources?

A. Space in a building B. The time of a manager C. Pharmaceuticals D. all of the above

Economics

Which of the following correctly explains how expansionary monetary policy works?

A) G? ? C? ? Y? B) T? ? C? ? Y? C) M? ? i? ? I? ? Y? D) M? ? i? ? I? ? Y?

Economics