Which of the following is not emphasized in a production ...
Which of the following is not emphasized in a production possibility curve?
Scarcity of resources
Economic development
Inefficiency in the use of resources
Unemployment of labour
Correct answer is B
In short, production possibility curve is a curve which shows all possible combinations of two goods that can be produced by making full use of given resources and technology in an economy.
A production possibility curve measures the maximum output of two goods using a fixed amount of input. The input is any combination of the four factors of production . ... Each point on the curve shows how much of each good will be produced when resources shift from making more of one good and less of the other.
A supply curve slopes upwards from the left to the right indicating_________ ...
A modern corporation is owned by ...
Which of the following categories of people do not gain during inflation? ...
A movement from M to T implies that there has been ...
A central argument of cardinal utility is that utility is ...
A good is said to be inferior if its demand ...
The reward to capital as a factor of production is ...