Really great job. Thank you so much. I really love it. Thank you so much for all of your help.
Analysis (any type)
02/10/2021
The production possibilities frontier illustrates
(x) opportunity cost because a choice to
produce more of one good will require that production of the other good is less whenever movement occurs along the PPF.
(y) efficiency, but not equality, because the PPF indicates the maximum amount of production that is feasible but it does not indicate how the production is distributed among the members of society.
(z) scarcity because a point of production outside the PPF is not feasible since the economy lacks sufficient resources to produce that amount of output.
A. (x), (y) and (z)
B. (x) and (y), only
C. (x) and (z), only
D. (y) and (z), only
E. (x) only
Which of the following are assumptions that are made when an economist constructs a specific production possibilities frontier (PPF)?
(x) the economy’s available resources are being used efficiently.
(y) the economy may increase its available factors of production
(z) the economy is experiencing a technological advance in production.
A. (x), (y) and (z)
B. (x) and (y), only
C. (x) and (z), only
D. (y) and (z), only
E. (x) only
Show more
Really great job. Thank you so much. I really love it. Thank you so much for all of your help.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more