Find out the true statement, Macroeconomics

Assignment Help:

Which one of the following statements is correct?

A. Most production possibilities curves illustrate decreasing marginal opportunity costs.

B. Relative scarcity is no longer a central idea in economics because we are in an age of abundance.

C. The production possibilities curve shows society's preferences for consumer goods relative to capital goods.

D. The central concept underlying the production possibilities curve is that of limited resources.


Related Discussions:- Find out the true statement

Microsoft and standard oil, In what major way do the Microsoft and Standard...

In what major way do the Microsoft and Standard Oil cases differ?

Positive and normative economics, POSITIVE AND NORMATIVE ECONOMICS E...

POSITIVE AND NORMATIVE ECONOMICS Economics as a social science adopts an analytical approach to the study of changes in economic variables on the actions of human beings. Th

Employees'' productivity, what measures should be taken to raise the produc...

what measures should be taken to raise the productivity of the workers?

International trade, How can achieve mutual gain from international trade?

How can achieve mutual gain from international trade?

Two banks for financing, You decide to buy a home for $1,000,000. You appro...

You decide to buy a home for $1,000,000. You approach two banks for financing. The first requires a 10% down payment and requires monthly payments on a 20 year mortgage sufficient

What is GDP?, What was Real GDP for 2009? What does GDP tell us? How did ...

What was Real GDP for 2009? What does GDP tell us? How did GDP change from 2008? What caused these changes? What was GNP for 2009? What is the difference between GDP and GNP?

Kernel density estimator to plot the two densities, The data is posted on B...

The data is posted on Blackboard. Download the data lfs4.dta on your personal computer. This data is from the Labour Force Survey 2003. In STATA, add enough memory to open the data

Different of cost, discuss the different of cost?draw the cost curves

discuss the different of cost?draw the cost curves

Find the compensating variation , Joe has preferences over pizza (p) and be...

Joe has preferences over pizza (p) and beer (b) given by U = pb. The marginal utilities are MU p = b and MU b = p, and Joe's income is I = 60. 1. Find Joe's optimal consumptio

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd