Combinations of goods that are to the left of the production-possibilities curve:
A) will be attainable if people work harder.
B) can be obtained with an increase in resources.
C) indicate that resources are fully employed.
D) are possible combinations for society to produce.
Correct Answer:
Verified
Q19: The saying "There are no free lunches"
Q20: The opportunity cost associated with the money
Q21: The saying "Time is money" refers to:
A)
Q22: A country that uses all its resources
Q23: The opportunity cost of attending a Friday
Q25: A country's production-possibilities curve:
A) shows the maximum
Q26: In order to draw a production-possibilities curve,
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
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