Which of the following is not shown on a product possibilities curve?

(A) The opportunity cost of a decision to produce more of one good or service.
(B) All of the goods and services an economy has the ability to produce.
(C) The efficiency of an economy.
(D) Whether an economy has grown or shrunk.

Ans: (B) All of the goods and services an economy has the ability to produce.

Economics

You might also like to view...

If the Fed wants to increase the money supply, it should increase the discount rate.

a. true b. false

Economics

Refer to Figure 29-1. The depreciation of the dollar is represented as a movement from

A) B to C. B) B to A. C) D to C. D) A to C. E) A to B.

Economics