When constructing a production possibility curve for an economy, which of the following is assumed to be constant?

a. The quantity of resources
b. The government budget
c. The quantity of goods produced
d. The price level
e. The money supply

a

Economics

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Banks with which type of loans were most likely to fail during the early 1930s?

A) mortgage loans B) agricultural loans C) commercial real estate loans D) international loans

Economics

If the cost of buying an identical basket of goods in country A is greater than country B: a. People will tend to sell currency from country A and buy currency from country B

b. The prices of those baskets of goods will tend to converge. c. If the goods in the baskets are internationally traded, the tendency for prices to converge will be stronger. d. All of the above are true.

Economics