Social Studies, 24.08.2019 05:30, jay3676

Use the information from your production possibilities schedule to create your production possibilities curve by filling in the following graph. use textboxes to insert text, and use lines and circles from the shapes function to illustrate your production possibilities. be sure to mark points a through f on the graph. (5 points)

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Business, 09.07.2019 16:30, gbrightwell

The idea that tradeoffs have to be made when resources are scarce is reflected in the fact that: points below the production possibilities curve are efficient. points below the production possibilities curve are inefficient. the production possibilities curve has a negative slope. the slope of a linear production possibilities is constant.

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Business, 13.08.2019 06:20, ejsteel2

If the general education level within a country rises significantly over time, it is likely that: the country’s production possibilities curve will shift in. the country’s production possibilities curve will become convex to the origin. the country’s production possibilities curve will not change in any way. the country’s production possibilities curve will shift out. the country will move to a different point along its current production possibilities curve.

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Business, 06.09.2019 16:20, eddie6242

1. refer to the production possibilities curve above. a. why is the curve bowed outward, or concave from the origin? explain. b. what must be true if the production possibilities curve was straight instead of bowed outward? 2. assume production is currently at point d. a. what must be true of the economy at point d? b. what would be the cost in terms of consumption if there was an increase in the production of capital goods? 3. is it possible for the economy to produce at point e in the short run? explain. 4. now assume the current level of production is at point b on the production possibilities curve above. ap microeconomics unit 1 - production possibilities frontier frq #2 a. which point on the curve would the economy move if it prioritized future economic growth as an economic goal? explain. b. given your answer in part 4a above, draw another production possibilities curve and illustrate what would happen in the long run.

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