Which of the following economic concepts is not represented by a production-possibilities curve?
A) direct costs
B) scarcity
C) law of diminishing returns
D) opportunity costs
Correct Answer:
Verified
Q27: Given a production possibilities curve for consumer
Q28: A shift in the production-possibilities curve will
Q29: A straight-line production-possibilities curve:
A) shows increasing opportunity
Q30: Assuming that consumption goods are on the
Q31: An unemployment rate of 9 percent in
Q33: Which of the following will not cause
Q34: Which of the following would be most
Q35: Which of the following does not affect
Q36: Assume that a country can only produce
Q37: If a country is operating at a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents