Every point on the production possibilities curve represents? a. a greater increase in supply  b. an efficient use of rescources  c. an inefficient use of resources d. a greater increase in demand

The fundamental problem in economics is that resources are limited; yet needs, wants, and desires are unlimited. This is summed up by the concept of  a. money. b. power. c. greed. d. scarcity. e. investment.

Many economist and business leaders feel this is the most important factor in the Factors of Production? a. Land b. Capital c. Labor d. Entrepeneurship

6 workers and 4 machines are required to produce 2 computers. 2 workers and 2 machines are required to produce 2 units of tomato.   A. Find the labor and capital requirement per one computer and 1 unit of tomato?   B. Which industry is a labor intensive? Capital intensive?

What will a technological advancement do?    A. shift the demand curve to the left  B. shift the supply curve to the left  C. shift the supply curve to the right  D. shift the demand curve to the right

Need help with macroeconomic my little choice review question  26. Suppose that a  University’s tuition is $7,000. The cost of textbooks is $1,000, and the cost of food & housing is $19,000. If you did not go to the University, you would have worked as a server, making $50,000 per year.What is your opportunity cost of attending The University?(A) $27,000. (B) $77,000. (C) $58,000. (D) $50,000. 27. Wakanda has a GDP of $720 trillion and a population of 6 million. What is Wakanda’s GDP per capita?(A) $120,000,000.(B) $720,000,000,000,000. (C) $100,000,000,000. (D) $833,333,333.

Please answer fast please help both the question

With the increase in the production which cost Increases continuously?

A production possibilities curve can shift inward if there is a. an increase in productivity b. an increase in unemployment c. an increase in the price of raw materials d. a misallocation of resources e. a natural disaster

Classify each resource used in production as land, labor, capital, entrepeneurs, or human capital. Natural resources Labor Physical capital Entrepreneurs Answer Bank Pat's experience tweaking the extruder Kyle's Taco Truck (the truck itself) The Rio Grande LaShonda, a server at Sonic Drive-In your econ professor's understanding of how markets work your favorite bartender ore Aunt Sandy's Jammin' Jellies (the business) Kyle, operator of Kyle's Taco Truck Which resource earns profits? O capital entrepreneurs O natural resouces your coworkers at the big-box store Farmer Bailey's tractor Lake Casitas Human capital O labor human capital