Microeconomics Part 2

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  1. What is used to illustrate an independant relationship between two variables
    A horizontal or vertical line
  2. Combinations of goods outside the production possibilities curve have which of the following characteristics
    they are not attainable given our existing stock and resources and technology
  3. Suppose an economy can produce various combinations of fish and bread. If more people with strong fishing skills became employed in this economy, how would the production possibilities curve change.
    the ppc curve would shift outward on the fish but would not change on the bread axis
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ID
232052
Card Set
Microeconomics Part 2
Description
econ
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