Business, 10.04.2020 16:49, senceepoai22
An economy can produce either of these two combinations of goods X and Y: 1,000X and 0Y or 400Y and 0X. Furthermore, the opportunity cost between the two goods is always constant. Which of the following combinations of the two goods, X and Y, is it possible for the economy to produce?
A) 700X, 280Y
B) 600X, 250Y
C) 400X, 150Y
D) 100X, 600Y
E) 300X, 280Y
Answers: 2
Business, 22.06.2019 21:00, lathwkuster
Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.
Answers: 1
An economy can produce either of these two combinations of goods X and Y: 1,000X and 0Y or 400Y and...
Mathematics, 04.07.2019 15:00