A straight-line production possibilities curve
a. reflects increasing production costs
b. occurs when opportunity costs are constant
c. is impossible
d. exists only when one good is produced
e. is positively sloped
B
Economics
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Unemployment caused by people voluntarily leaving their jobs is classified as
A) part-time unemployment. B) cyclical unemployment. C) frictional unemployment. D) seasonal unemployment.
Economics
Refer to Table 2-1. Assume Tomaso's Trattoria only produces pizzas and calzones. A combination of 24 pizzas and 15 calzones would appear
A) along Tomaso's production possibilities frontier. B) inside Tomaso's production possibilities frontier. C) outside Tomaso's production possibilities frontier. D) at the horizontal intercept of Tomaso's production possibilities frontier.
Economics