The following graph is the production possibilities curve of a nation. A graph plots drill presses versus bread. The graph is a concave downward curve.

Which of the following combinations would be unattainable?

Multiple Choice
4 drill presses and 2 bread
7 drill presses and 2 bread
4 drill presses and 4 bread
6 drill presses and 2 bread

According to the law of demand, there is an inverse relationship between price and quantity demanded. that is, the demand curve for goods and services slopes downward. why?

Acompany factory is considered which type of resource a. land b. physical capital c. labor d. human capital

You are looking at a one-year loan of $16,500. the interest rate is quoted as 8.7 percent plus two points. a point on a loan is 1 percent (one percentage point) of the loan amount. quotes similar to this one are common with home mortgages. the interest rate quotation in this example requires the borrower to pay two points to the lender up front and repay the loan later with 8.7 percent interest. what rate would you actually be paying here?