Question and answer
The production-possibilities frontier separates outcomes that are possible for an individual (or a group) to produce from those which_______. a. are scarce. c. cannot be produced.
b. have utility. d. are efficient.
cannot be produced
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User: The production-possibilities frontier separates outcomes that are possible for an individual (or a group) to produce from those which_______. a. are scarce. c. cannot be produced. b. have utility. d. are efficient.

Weegy: cannot be produced
bigmatch|Points 60|

User: The law of increasing costs means that when an economy increases the production of one item a. the opportunity cost goes up. b. the actual cost of making the item goes down. c. the actual cost goes up but the opportunity cost goes down. d. the production costs will increase also.

Weegy: b. the actual cost of making the item goes down.
SarahGCarpio|Points 61|

User: An efficient economy is one that a. has very few people who do not work for a living. b. makes the best use of all its goods and services. c. uses its resources to make the most goods and services. d. makes the least costly use of its resources.

Weegy: An efficient economy is one that- b. makes the best use of all its goods and services.
yumdrea|Points 3125|

User: Which of the following is NOT shown on a production possibilities curve? a. all of the goods and services an economy has the ability to produce b. the efficiency of an economy c. whether an economy has grown or shrunk d. the opportunity cost of a decision to produce more of one good or service

Weegy: a. all of the goods and services an economy has the ability to produce - - is NOT shown on a production possibilities curve.
Expert answered|yumdrea|Points 3125|

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Asked 11/27/2013 2:40:32 PM
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