Refer to the following graph.
FH is the ________, which tells us how much of good B must be exchanged on ________ market to obtain an additional good A
A. consumption possibilities curve; domestic
B. production possibility curve; domestic
C. production possibility curve; world
D. consumption possibilities curve; world
Answer: D
Economics
You might also like to view...
In the long-run equilibrium in a perfectly competitive market, the firms produce at the ________ possible average total cost and the price equals the ________ possible average total cost
A) highest; highest B) lowest; lowest C) highest; lowest D) lowest; highest
Economics
Unanticipated inflation benefits
A) people or businesses who owe funds. B) people or businesses who lend funds. C) people who live on a fixed income. D) people with CDs (certificates of deposits) in the bank.
Economics