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strojnjashka [21]
3 years ago
13

The production possibilities frontier provides an illustration of the principle that a. people respond to incentives. b. trade c

an make everyone better off. c. governments can sometimes improve market outcomes. d. people face trade-offs.
Business
1 answer:
Mekhanik [1.2K]3 years ago
7 0

Answer:

d. people face trade-offs.

Explanation:

The production possibility frontier shows all the combinations of two goods an economy can produce when all its resocurces are fully employed.

At one extreme of the curve, the highest possible amount of one good is produced while zero quantity of the second good is produced . To produce more quantity of the second good, one has to produce less quantity of the first good. This illustrates trade off.

I hope my answer helps you

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What is a factor that increases the volatility of demand in industrial markets? Multiple Choice Professional buyers in the indus
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Answer:

Derived demand accelerates changes in markets.

Explanation:

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Hence, The factor that increases the volatility of demand in industrial markets is "Derived demand accelerates changes in markets"

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The beginning and ending finished goods inventories of the Prize Ring manufacturing company were $84,000 and $79,750 respectivel
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Answer:

$67,150

Explanation:

The computation of cost of goods manufactured for this period is shown below:-

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= $67,150

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Holding all else constant, if people who are currently discouraged workers decide to start looking for jobs again, you will see:
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