--%>

Graphical Production Possibilities Frontier device

Can someone please help me in determining the right answer from the following question. The production possibilities frontier is a graphical device exhibiting the: (i) Alternative allocation methods accessible to society. (ii) Combinations of goods which an economy could generate. (iii) Feasible trade-offs among unemployment and inflation. (iv) Method that production possibilities differ with various inputs.

How can I solve my Economics problem? Please suggest me the correct answer.

   Related Questions in Microeconomics

  • Q : Stabilization function Choose the right

    Choose the right answer of thefollowing problem. In performing its stabilization function, it may be appropriate for the nation's central bank (the Federal Reserve in the United States) to take actions to: A) increase taxes to reduce inflation. B) increase interest ra

  • Q : Perfect complements of Complementary

    I have a problem in economics on Perfect complements of Complementary Goods. Please help me in the following question. Left and right shoes are illustrations of nearly: (1) Production complements. (2) Perfect complements. (3) Joint production. (4) Per

  • Q : Current deposit account Name the

    Name the additional facility that the businessman acquires in the current deposit account of bank. Answer: The businessman acquires the facility of overdraft (that

  • Q : Illustrates the Loren curve by total

    When 40 percent of total personal income was received by 20 % of the highest income families, in that case the: (w) income distribution would be perfectly equal. (x) income pattern would be foreign to the U.S. (y) Lorenz curve would be the 45 degree r

  • Q : Problem regarding Inferior Goods

    Subsequent to Fred received a promotion and a big raise; he bought some macaroni and cheese dinners. For Fred, the: (1) Demand for the macaroni and cheese dinners is not predictable. (2) Macaroni and cheese dinners are the normal goods. (3) Demand for cheese and macar

  • Q : Effect of preference on demand Maureen

    Maureen generally drinks two glasses of Lost Horizons Cabernet Sauvignon each evening. Her demand for her preferred brand is least probable to be influenced by:  (i) The bad crop of grapes lowering the quality of Lost Horizons Cabernet. (ii) Getting a $4000 annua

  • Q : Hypothetical demands for perfect price

    In this figure demonstrating hypothetical demands for socket sets, there demand curve: (1) D1D1 is perfectly price-inelastic. (2) D2D2 is perfectly price elastic. (3) D3D3

  • Q : Instance of Adverse Selection Nutcake

    Nutcake Products hires new staffs devoid of revealing that the rising demand for nutcakes and partial staffing make it not possible for staffs to take their guaranteed 2-week vacations. Nut cake’s shortage of candor is most unambiguously an instance of: (1) Symm

  • Q : Example of Speculation Throughout

    Throughout periods while the activities of speculators raise the volatility and average level of prices, classical speculators are most probable to: (1) gain profits by buying high and selling low. (2) reduces the risks to other firms of doing busines

  • Q : Tax and interest rate related problem

    If business taxes are decreased and the real interest rate increases: A) consumption and saving will necessarily increase. B) the level of investment spending might either increase or decrease. C) the level of investment spending will necessarily increase. D) the leve