A graph showing all the combinations of goods and services that can be produced if all of society’s resources are used efficiently is a ?

Related Mcqs:

The circular flow of goods and incomes shows the relationship between?

A. Wages and salaries. B. income and money C. goods and services. firms and households...

Productivity can be increased by ?

A. improving the education of workers B. raising union wages. C. raising minimum wages. D. restricting trade with foreign countries....

An increase in consumer income will increase demand for a _________ but decrease demand for a?

A. substitute good, inferior good B. normal good inferior good C. inferior good normal good D. normal good, complementary good...

In a free market system, the amount of goods and services that any one household gets depends upon its ?

A. income B. income and wealth C. wealth D. wage and interest income...

A market can accurately be described as_________________?

A. a place to buy things B. a place to sell things C. the process by which prices adjust to reconcile the allocation of resources D. a place where buyers and sellers meet...