fonzocoronado830 fonzocoronado830
  • 02-01-2021
  • Business
contestada

If production in the economy is efficient, then changes in market prices:___________

Respuesta :

Parrain
Parrain Parrain
  • 03-01-2021

Answer: d.Move us along the perimeter of the PPC

Explanation:

The Production Possibilities Curve (PPC) is used to demonstrate the concept of scarcity and trade-offs by showing different combinations of output of two goods give certain resources.

As the goods use the same resources, increasing the output of one good reduces the output of the other. The PPC therefore shows the optimal level of resource utilization. If production is efficient, it will follow this optimal level by moving along the perimeter of the PPC.

Answer Link

Otras preguntas

a circular mirror has a diameter o 12 inches. what is the area , in square inches , of the mirror
How were the actions taken by Presidents Ford and Carter to address the country’s economic downturn similar? How did they differ?
relationships among people are?
i like to play baseball_. i can't throw a ball very well
which will hit the ground faster a ball thrown parallel to the ground or a ball drop from the same height as the ball
Which Union ship took part in the first naval battle between ironclads when it fought the Confederate vessel Virginia in March 1862? A. Hartford B. Monitor C. M
Work out 5/8 of 10 litres
a wave creates a strong undertow. what kind of wave is it? a. tsunami b.swell c. long shore d. deep water
how many days in 4 consecutive years
The point P(-3,7) is reflected in the line y=x. What are the coordinates of P'?