sbanoali7472 sbanoali7472
  • 14-01-2020
  • Business
contestada

Consider the production possibilities frontier model for an economy that produces only two goods: barley and cars.

Respuesta :

eyukwe
eyukwe eyukwe
  • 15-01-2020

Answer:

Production Possibilities Frontier

Explanation:

In a theoretical economy, the production possibilities frontier, is the curve that shows the  combination of goods produced (barley and cars) by an economy given a limited resource. Furthermore the more goods (barley) is produced, the less cars are produced. Thus, for every additional barley's produced, there's an opportunity cost of cars.

Answer Link

Otras preguntas

When designing a questionnaire, the most important rule of all?
"I do not regard the _________ as likely to produce serious international complications between Germany and the United States." -- U.S. Senator Hoke Smith (D-G
When designing a questionnaire, the most important rule of all?
what Is the product? 4n/4n-4*n-1/n+1
Identify one molecule produced by the mitochondria and explain why it is important to the organism.
Name the high tech method of measuring pulse rate
A school nurse is assessing children in the third grade for pediculosis capitis. what assessments should be made?
Can a function have a vertical and horizontal asymptote
The Venus of Willendorf and other similar statuettes have the following characteristics except for _____. exaggerated anatomy they are life sized fertility fea
He beginnings of a brain first becomes apparent around four weeks after conception when the neural ____ folds to form the neural ____.