What determines the position and shape of a society’s production possibilities frontier?
A. The physical resources of that society
B. The skills of the workforce
C. The level of technology of the society
D. The amount of factories in the society
E. All of the responses are correct.
Answer: E
Economics
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The price elasticity of demand measures the ________ that results from a ________
A) change in quantity demanded; change in price B) change in price; change in the quantity demanded C) percentage change in price; percentage change in the quantity demanded D) percentage change in the quantity demanded; percentage change in price E) percentage change in the quantity demanded; change in price
Economics
Which region has the highest proportion of its children working?
What will be an ideal response?
Economics