Sunday, July 3, 2011

Which of the following is most appropriately measured along one axis of the production possibilities frontier diagram?

ECONOMICS

Multiple Choice

Multiple Choice

Which of the following is most appropriately measured along one axis of the production possibilities frontier diagram?

a. the quantity of a produced good

b. the price of a produced good

c. the quantity of natural resources

d. the state of technology

e. society's welfare and satisfaction

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