Please please sir answer both. I have no more question.. I will rate. Which of the following would cause an economy to produce at a point inside its PPC?Select one:O a. population growthO b. unemployment or inefficient use of available resourcesC. capital accumulationO d. the efficient allocation of all factors of production A horizontal supply curve intersects the vertical axis at a price of $5. The elasticity of supply isSelect one:O a. perfectly elastic.O b. inelastic.O c. 0.0O d. 5.0

A production possibility curve illustrates the various combinations of two goods that can be…

Which of the following would cause an economy to produce at a point inside its PPC? Select one: O a. population growth b. unemployment or inefficient use of available resources O c. capital accumulation O d. the efficient allocation of all factors of production

Which of the following would cause an economy to produce at a point inside its PPC? Select one: O a. population growth b. unemployment or inefficient use of available resources O c. capital accumulation O d. the efficient allocation of all factors of production

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 3QR

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Question

Please please sir answer both. I have no more question.. I will rate.

Which of the following would cause an economy to produce at a point inside its PPC?
Select one:
O a. population growth
O b. unemployment or inefficient use of available resources
C. capital accumulation
O d. the efficient allocation of all factors of production

A horizontal supply curve intersects the vertical axis at a price of $5. The elasticity of supply is
Select one:
O a. perfectly elastic.
O b. inelastic.
O c. 0.0
O d. 5.0

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