The derivation of a production possibilities frontier assumes that: a) Some sources are not being produced...
The derivation of a production possibilities frontier assumes that:
a) Some sources are not being produced efficiently
b) There is a fixed quantity of resources and technology available
c) Technology is free
d) Some resources are not being used
Homework Answers
"B"
The derivation of a production possibility frontier assumes that the technology and the resources that the economy have is limited and the firms in the economy will be making maximum use of those resources.
Add Answer to:
The derivation of a production possibilities frontier assumes
that:
a) Some sources are not being produced...
The production possibilities frontier A. is a model that assumes there is no scarcity and no...
The production possibilities frontier A. is a model that assumes there is no scarcity and no opportunity cost. B. depicts the boundary between those combinations of goods and services that can be produced and those that cannot given resources and the current state of technology. C. shows how many goods and services are consumed by each person in a country. D. is a graph with price on the vertical axis and income on the horizontal axis.
The production possibilities frontier shows A. the various products that can be produced now and in...
The production possibilities frontier shows A. the various products that can be produced now and in the future. B. what an equitable distribution of products among citizens would be. C. what people want firms to produce in a particular time period. D. the maximum attainable combinations of two products that may be produced in a particular time period with available resources
If the economy is currently producing at a point inside its Production Possibilities Frontier O alternate...
If the economy is currently producing at a point inside its Production Possibilities Frontier O alternate products must be sacrificed in order for production to increase. O technology must improve in order for production to increase. O human capital must improve in order to production to increase. O more resources must be discovered in order for production to increase. O production can increase if resources are used more efficiently.
Consider two points on the production possibilities frontier point X, at which there are 100 cars...
Consider two points on the production possibilities frontier point X, at which there are 100 cars and 78 trucks, an point Y, at which there are 90 cars and 70 trucks. If the economy is currently at point X the opportunity cost of moving to point Y is? a. 12 cars. b. I trucks. c. 10 cars. d. 79 trucks. e, none of the above. 12. The production possibilities frontier represents the possible combinations of two goods that an economy...
Economic growth (shifting of the production possibilities frontier) can occur (pick all the correct answers) -...
Economic growth (shifting of the production possibilities frontier) can occur (pick all the correct answers) - by improving the level of technology and skills in th economy - by increasing prices in the economy - by using resources efficiently - increasing the amount of resources (ex labor) in the economy
Fill in the blanks to complete the sentence about the production possibilities frontier. Drag word(s) below...
Fill in the blanks to complete the sentence about the production possibilities frontier. Drag word(s) below to fill in the blank(s) in the passage. A production possibilities frontier is a summarizing the different ways a society's could be used assuming those resources model * hypothesis * to full capacity" remain fixed* production resources to maximize output of a given product available labor* can respond to demand
46) A shift outwards of the nation's production possibilities frontier can occur due to: 46) A)...
46) A shift outwards of the nation's production possibilities frontier can occur due to: 46) A) a change in the amounts of one good desired. B) an increase in the labor force C) a natural disaster like a hurricane or bad earthquake D) a reduction in unemployment. 48) If a nation's production possibilities frontier moves outward, this represents: A) economic growth. B) an impossible situation. C) rising prices of the two goods on the production possibilities frontier model. D) a...
If an economy is operating inside its production possibilities frontier: A) it is producing efficiently. The...
If an economy is operating inside its production possibilities frontier: A) it is producing efficiently. The economy cannot produce more of one good without simultaneously reducing the output of another good. B) is producing inefficiently. If production was arranged more efficiently the economy can produce more on one good without sacrificing any production of another good. C) it is producing at an unattainable point. You cannot be inside the Production Possibilities Frontier. D) then opportunity cost approaches infinity. No economy...
If a certain combination of goods or services lies outside the production possibilities curve of an...
If a certain combination of goods or services lies outside the production possibilities curve of an economy, which of the following is true? ( ) Effective trade barriers have reduced foreign imports into the economy. New technology is being used in production. Resources are not available to achieve that combination of goods or services. Resources are not being used efficiently to achieve that combination of goods or services. Resources are being used at a more rapid rate than they were...
The table above shows a production possibilities frontier for an economy. If the economy tried to...
The table above shows a production possibilities frontier for an
economy. If the economy tried to produce a combination of 250
loaves of bread and 800 books,
A.it is enjoying a free lunch.
B.there is some unemployment.
C.there is full employment.
D.the tradeoff between bread and books is inefficient.
E.it cannot produce this combination because it lacks enough
resources or technology.
Bread books Possibility (number) (number) 1,000 900 700 400 A. 100 200 300 400
If the economy is currently producing at a point inside its Production Possibilities Frontier O alternate products must be sacrificed in order for production to increase. O technology must improve in order for production to increase. O human capital must improve in order to production to increase. O more resources must be discovered in order for production to increase. O production can increase if resources are used more efficiently.
Consider two points on the production possibilities frontier point X, at which there are 100 cars and 78 trucks, an point Y, at which there are 90 cars and 70 trucks. If the economy is currently at point X the opportunity cost of moving to point Y is? a. 12 cars. b. I trucks. c. 10 cars. d. 79 trucks. e, none of the above. 12. The production possibilities frontier represents the possible combinations of two goods that an economy...
Fill in the blanks to complete the sentence about the production possibilities frontier. Drag word(s) below to fill in the blank(s) in the passage. A production possibilities frontier is a summarizing the different ways a society's could be used assuming those resources model * hypothesis * to full capacity" remain fixed* production resources to maximize output of a given product available labor* can respond to demand
46) A shift outwards of the nation's production possibilities frontier can occur due to: 46) A) a change in the amounts of one good desired. B) an increase in the labor force C) a natural disaster like a hurricane or bad earthquake D) a reduction in unemployment. 48) If a nation's production possibilities frontier moves outward, this represents: A) economic growth. B) an impossible situation. C) rising prices of the two goods on the production possibilities frontier model. D) a...
If an economy is operating inside its production possibilities frontier: A) it is producing efficiently. The economy cannot produce more of one good without simultaneously reducing the output of another good. B) is producing inefficiently. If production was arranged more efficiently the economy can produce more on one good without sacrificing any production of another good. C) it is producing at an unattainable point. You cannot be inside the Production Possibilities Frontier. D) then opportunity cost approaches infinity. No economy...
The table above shows a production possibilities frontier for an
economy. If the economy tried to produce a combination of 250
loaves of bread and 800 books,
A.it is enjoying a free lunch.
B.there is some unemployment.
C.there is full employment.
D.the tradeoff between bread and books is inefficient.
E.it cannot produce this combination because it lacks enough
resources or technology.
Bread books Possibility (number) (number) 1,000 900 700 400 A. 100 200 300 400
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago