Answer:Is always the same; a straight line
Explanation:
If there is always a 4-for-1 tradeoff between producing good X and good Y, it follows that the opportunity cost of X (in terms of Y) is always the same and the PPF for these two goods is a straight line
PPF Production Possibility Frontier plays an important role in that It is used to demonstrate the point that any nation's economy reaches its greatest efficiency level. This happens when it manufactures only what it is qualified to manufacture and trades with other nations for the rest of what it needs.
Also called transformation curve, It is a decision making tool That supports that manufacturing of one commodity may increase only if the manufacturing of the other commodity decreases.
Answer:
True
Explanation:
Elasticity: It is referred to the responsiveness of supply or demand with the increase or decrease of price.
- In the case: As the supply has already reached it's capacity, and new investment would be required to further increase the production, hence supply becomes less elastic. Because it now would require more material to affect the quantity consumed.
Marx would most likely support A, government ownership of most production
Answer:
The correct answer is D. cigarettes
.
Explanation:
From the end of the 19th century, the industrialization and mechanization of the cigarette manufacturing process allowed its diffusion to a larger population and made its consumption more massive. In a few decades, cigarette consumption became widespread in most western countries, reaching more than 50% of the adult population.
The take-off of this massive consumption of tobacco occurs, in the United States, from the 20s of the 20th century, between the 30s and 40s in Central Europe and from the 50s in Spain. This phenomenon triggered one of the most serious health problems that modern society has faced.