1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
In the United States, which assessment system measures inflation?
tresset_1 [31]

Answer:

C. consumer price index

Explanation:

Inflation is the general increase in prices in a country in a period. In the US, inflation is measured using the consumer price index, CPI. The CPI is a measure of the weighted average price of selected goods and services that represent the general consumption in the economy. The weighted average price at a particular time is compared to the weighted average price at the beginning of the period.

The weighted average price for the basket is compared to the previous period to determine the rate at which prices are increasing.  A high rate of price increment signifies a high rate of inflation. The Government sets a target rate of inflation for the economy. It employs fiscal and monetary policies to keep inflation within acceptable levels.

6 0
3 years ago
If customer 2 has a service time of 1.6, and if customer 3 has an interarrival time of 1.1 and a service time of 2.3, when will
Ivan
Your answer should be: "There is not enough information to answer." Hope I helped! :)
3 0
3 years ago
3. According to their comparative advantage, Alphaland specializes in axes and Betaville specializes in batons. Alphaland will t
Nady [450]

Answer: Option (C) is correct.

Explanation:

A country has a comparative advantage in producing a commodity if the opportunity cost of producing that good is lesser in that country as compared to the other country.

From the information given in the question, it is clear that Alphaland has a comparative advantage in axes and Betaville has a comparative advantage in batons.

Hence, Alphaland will trade axes for batons only if the price of batons is lower than the cost of producing it in Alphaland. So that there is a possibility mutually beneficial trade.

7 0
3 years ago
A journal entry for a​ $210 payment to purchase office supplies was erroneously recorded as a debit to Office Supplies for​ $550
Ludmilka [50]

Answer:

The sum of the debits will exceed the sum of the credits by $340. (None of the options given).

Explanation:

The right posting on the payment of $210 for the purchase office supplies would be;

Debit office supplies account $210

Credit Cash account $210

However since the debit to office supplies was $550 which is 340 (i.e $550 - $210) more than what the amount to have been posted is, it means that the sum of the debits will exceed the sum of the credits by $340.

3 0
3 years ago
In a market economy, a high price is a signal for:___________.1. Producers to supply more and consumers to buy less. 2. Producer
shepuryov [24]

Answer: Answer is 1

Explanation:

In a market economy, a high price is a signal for producers to supply more and consumers to buy less.

3 0
3 years ago
Read 2 more answers
Other questions:
  • In response to rising inflation, the Federal Reserve may sell government securities in open market operations in order to:
    5·1 answer
  • Which fo the following debts could possibly be forgiven under Chapter 7 bankruptcy?
    11·2 answers
  • Corales Company acquires a delivery truck at a cost of $58,000. The truck is expected to have a salvage value of $11,000 at the
    5·1 answer
  • Castle Company provides estimates for its uncollectible accounts. The allowance for uncollectible accounts had a credit balance
    11·1 answer
  • How do you determine the acid-test ratio? The sum of cash and short-term investments divided by short-term debt. Current assets
    15·1 answer
  • If an annuity is purchased in December and monthly benefits begin in January of the following year, what type of annuity is it?
    9·1 answer
  • Aladdin Grocer's 2019 balance sheet shows average stockholders’ equity of $18,000 million, net operating profit after tax of $1,
    13·1 answer
  • Venetian Company has two production departments, Fabricating and Assembling. At a department managers meeting, the controller us
    10·1 answer
  • Which one of the following affects cash during a period?
    6·1 answer
  • Name any three (3) tests that Hornbill Holdings can use to assess the graduates
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!