loading

Microeconomics Review questions #1

Question:

The production possibilities curve illustrates the basic principle that?

Answer:

if all the resources of an economy are in use, more of one good can be produced only if less of another good is produced.
View as Flashcard Deck

About this Free Flashcard Deck

Last update by Roger on 02/03/2013
  • Share
Microeconomics Review questions  1
Microeconomics Review questions #1
Total Views: 124919
Teams This Deck Belongs To
Others Studying this Deck
Free Flashcard From Microeconomics Review questions #1
Question: The production possibilities curve illustrates the basic principle that?
Answer: if all the resources of an economy are in use, more of one good can be produced only if less of another good is produced.