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Economics
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Which of the following is the assumption of the production possibilities curve?

A. Resources are fully utilized

B. Resources are underutilized

C. Resources are expanding continuously

D. Resources are non-renewable

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Yusra Anees
Yusra AneesLv10
5 Nov 2020

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Related questions

A production possibilities curve is drawn based on which of the following assumptions: 

a. resources are fixed and fully employed, and technology advances at the rate of growth of the economy overall.

b. resources such as non-renewable resources will decline, but labor remains fully employed and technology unchanged.

c. resources can vary; most resources experience times of unemployment and technology advances; particularly during wartime 

D. None of these answers are correct

 

A production possibilities curve is drawn based on which of the following assumptions?

A) Resources are fixed and fully employed, and technology advances at the rate of growth of the economy overall.

B) Resources such as non-renewable resources will decline, but labor remains fully employed and technology is unchanged.

C) Resources can vary; most resources experience times of unemployment; and technology advances, particularly during wartime.

D) Resources such as labor and capital will grow and are fully employed, and technology is unchanged.

E) None of the answers are correct.

 

A production possibilities curve is drawn based on which of the following assumptions?

A. Resources are fixed and fully employed, and technology advances at the rate of growth of the economy overall.

B. Resources such as non-renewable resources will decline, but labor remains fully employed and technology is unchanged.

C. Resources can vary; most resources experience times of unemployment' and technology advances, particularly during wartime.

D. Resources such as labor and capital will grow and are fully employed, and technology is unchanged.

E. None of the answers correct.

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