Which of the following is likely to affect the position and shape of society's production possibilities frontier?
a. volume of physical resources
b. level of labor skills
c. level of technology
d. amount of factories on hand
e. All of the above are correct.
e
Economics
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When applying the marginal principle, you should pick the level at which the activity's marginal benefit is less than its marginal cost
Indicate whether the statement is true or false
Economics
A textbook is an example of:
a. capital. b. a natural resource. c. labor. d. all of these.
Economics