A point inside the production possibilities curve illustrates a situation in which resources are not fully employed

a. True
b. False

A

Economics

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Which of the following is a recent trend in the labor market?

A) Low-skilled workers have lost jobs. B) The demand for high-skilled labor has increased as technology has increased. C) The wages of high-skilled labor have decreased. D) The marginal productivity of low-skilled workers has increased.

Economics

The production possibilities curve shifts to the left when resources in the economy increase

Indicate whether the statement is true or false

Economics