Answer
Production Possibility Frontier
Explanation
The Production Possibility Frontier (PFF) is a curve depicting all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors. The PPF assumes that all inputs are used efficiently. The (PFF) represents the point at which a country's economy is most efficiently producing its goods and services and, therefore, allocating its resources in the best way possible.
Answer:
C. When excess capacity exists, cost can increase
Explanation:
The only False statement in all the given four statement is option C that is When excess capacity exists, cost can increase.
Clearly, the above statement is false because when by the principle of economies of scale at higher capacity, the overall cost of production decreases. ( in simple terms, higher the supply, lesser will be the demand.)
Answer:
Constitutional Convention
Explanation:
Constitution convention consists of the body of delegates which gathered together to write a new constitution or to ratify the present one. The Philadelphia Convention of 1787 which took place to solve the problem of weak federal government eventually turned towards an entirely new plan and therefore the Article of Confederation was replaced by new written Constitution.
Well, as a graduate of UVM, I like the first one!
It would seem that ALL of the options are good with the caveat that college is not the right option for everyone.
If Ethan's goal is to open a coffee shop, saving money is a great way of having the necessary capital.
But, Ethan might want to consider taking classes at the local community college on business planning to get more tangible skills at a lower price than more finance related classes at UVM or elsewhere.
The incorrect statements about Marbury v. Madison would be any statement that says that the case <u>did not establish</u><u> the </u><u>principle </u><u>of </u><u>Judicial Review. </u>
Thanks to Marbury v. Madison:
- The Constitution was established as the supreme law of the land
- The Judiciary became more independent of the Executive
- Judicial Review was established
Judicial Review is a principle that allows courts to strike down any law that they deem to go against the Constitution and so was one of the single most important judgements by the Supreme Court.
In conclusion, incorrect statements about this case would not show that Judicial Review was established.
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