Any point inside the production possibilities curve indicates. O A. the presence of technological change O B. that resources are imperfectly substitutable among alternative O C. the presence of inflationary O D. that more output could be produced with the available uses. pressures resources

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter2: Choice In A World Of Scarcity
Section: Chapter Questions
Problem 12RQ: Why is a production possibilities frontier typically drawn as a curve, rather than a straight line?
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QUESTION 9
Any point inside the production possibilities curve indicates.
O A. the presence of
technological
change
O B. that resources are imperfectly
substitutable among alternative
C. the presence of
inflationary
O D. that more output could be
produced with the available
uses.
pressures
resources
Transcribed Image Text:QUESTION 9 Any point inside the production possibilities curve indicates. O A. the presence of technological change O B. that resources are imperfectly substitutable among alternative C. the presence of inflationary O D. that more output could be produced with the available uses. pressures resources
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