Using a production possibilities curve, an economy that produces an output combination less than the maximum possible is depicted by a point located:
a. at the top corner of the curve.
b. near the middle of the curve.
c. at the bottom corner of the curve.
d. outside the curve.
e. inside the curve.
e
Economics
You might also like to view...
An increase in the money supply will appreciate a country's currency
Indicate whether the statement is true or false
Economics
On average, about half the labor force in developing countries works in agriculture, versus only about 3 percent in industrial market countries
a. True b. False
Economics