Which of the following is not an assumption that underlies an economy's production possibilities curve?
A) fixed income
B) fixed resources
C) unchanged technology
D) fully employed resources
Correct Answer:
Verified
Q36: A question that positive economics would consider
Q37: Which is a question of normative economics?
A)
Q38: Economists recognize all of the following as
Q39: A(n) _ is a person who organizes,
Q40: Because of scarcity of factors of production,
A)
Q42: All points along a production possibilities curve
Q43: A point outside the economy's production possibilities
Q44: The law of increasing opportunity costs is
Q45: Economic growth would occur for all of
Q46: Which of the following would not result
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