Which of the following is not an assumption of the productions possibilities frontier?
a. A country produces only two goods or types of goods.
b. Technology does not change.
c. The amount of available resources does not change.
d. There is a fixed quantity of money.
d
Economics
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A scatter diagram shows the
A) level of one variable over time. B) change in one variable over time. C) relationship between two variables. D) evolution of a variable.
Economics
The problem of getting an accurate reading on current economic developments is known as the
A) data problem. B) recognition lag. C) impact lag. D) information problem.
Economics