One example of human capital is the amount of savings that you have

Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for potatoes and that steak and potatoes are complements. What panel describes what happens in this market when the price of steak rises?

A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)

The production possibilities frontier can be used to show all of the following except one. Which is the exception?

a. scarcity b. opportunity cost c. the law of increasing opportunity cost d. efficiency e. the best combination of goods and services for an economy