What does a production possibilities curve show?
What will be an ideal response?
A production possibilities curve shows the combinations of maximum outputs that can be produced with a fixed amount of resources that are fully employed, and fixed technology.
Economics
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The Federal Reserve Board of Governors
a. rotate each four years. b. are appointed by the President and confirmed by the Senate. c. are elected by popular vote. d. hold lifetime appointments.
Economics
If you knew that the vertical intercept for a straight line was 15, that the slope was -.5, and that the independent variable had a value of 8, the value of the dependent variable would be:
A. 8 B. 9 C. 10 D. 11
Economics