In Drawing a Production Possibilities Curve We Hold Constant

question 51

Multiple Choice

In drawing a production possibilities curve we hold constant:

• A)the money supply.
• B)the consumer price index.
• C)both technology and resource supplies
• D)resource supplies only.

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Definitions:

Variable Substitution

In mathematics, this involves replacing variables with other variables or values to simplify expressions or solve equations.

Mathematical Expression

A combination of numbers, operations, and sometimes variables that represents a mathematical relationship or value.

Exponentiation

The mathematical operation involving the raising of a number to the power of another number.

Mathematical Expression

A combination of numbers, operations, and symbols forming a meaningful equation or inequality.