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beigefish857Lv1
6 Oct 2020
The production possibilities curve (PPC) shows the combinations of goods produced by the economy. Combinations of goods outside the production possibilities curve have which of the following characteristics?
a) They are attainable today only if we employ all unemployed and underemployed resources.
b) They are not attainable given our existing stock of resources and technology
c) They imply that some resources such as labor are unemployed or underemployed
d) None of the answers is correct
The production possibilities curve (PPC) shows the combinations of goods produced by the economy. Combinations of goods outside the production possibilities curve have which of the following characteristics?
a) They are attainable today only if we employ all unemployed and underemployed resources.
b) They are not attainable given our existing stock of resources and technology
c) They imply that some resources such as labor are unemployed or underemployed
d) None of the answers is correct
Vaishnavi KanukurtiLv10
2 Nov 2020
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