The production possibilities curve represents
A) the total amount of stocks and bonds that exist in the economy.
B) the trade-off between human capital and physical capital that exists.
C) all possible combinations of total output that can be produced.
D) society's needs.
Answer: C
Economics
You might also like to view...
An increase in capital goods and a decrease in consumer goods will:
A) eventually lead to a shift to the right of the production possibilities curve. B) increase a nation's capacity to produce. C) lead to more rapid economic growth. D) do all of the above.
Economics
Refer to Table 9-6. What is the value of $D in Stage 4 (round up to the nearest whole number)?
A) $82 B) $102 C) $12 D) $160
Economics