If a leader wanted to show how many weapons she would have to give up in order to increase food production to a certain level, she could use a(n) ______.
a. production possibilities curve
b. circular flow diagram
c. demand curve
d. interest calculator
a. production possibilities curve
You might also like to view...
In a two-good, two country world, if one country has an absolute advantage in the production of both goods, it cannot benefit by trading with the other country
Indicate whether the statement is true or false
GDP tends to rise and fall during economic fluctuations but other measures follow the same pattern. One of these measures is
A. the annual precipitation rate. B. the growth of the money supply. C. the inflation rate. D. the unemployment rate.
The larger the debt and the inflation rate, the less debt will be eliminated by inflation.
Answer the following statement true (T) or false (F)
Explain how the decision by parents to not immunize their children, hoping that their children will not get sick because other parents have had their children immunized, is an example of free riding. How is this behavior dangerous to the public?
What will be an ideal response?