The production possibilities curve illustrates
A. The existence of unlimited wants and resources.
B. The limitations that exist because of scarce resources.
C. That there is no limit to the level of output.
D. That there is no limit to what an economy can produce.
Answer: B
Economics
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Refer to Table 10-2. Using the table above, what is the approximate average annual growth rate from 2013 to 2016?
A) -1% B) 1% C) 2% D) 4%
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The payments system is
A) the method of conducting transactions in the economy. B) used by union officials to set salary caps. C) an illegal method of rewarding contracts. D) used by your employer to determine salary increases.
Economics