Question30

Question35

Question48

Question38

If person A can produce ramen at a lower opportunity cost than person B, and person B can produce bread at a lower opportunity cost than person A, it follows that person A has (1)_____________________. person B has (2)_____________________.

Question25

____________ assumption is essential when assessing an economic theory.   Economists use the _____________ assumption to isolate the relationship between two variables. It allows them to see the cause and effect relationships, without being confused by other possible influences.   ____________ means all other things constant.

Question43

Based on the above production possibilities frontier (PPF) graph, D is a (1)____________ point in (2)_____________

The production possibilities frontier (PPF) is a_______________, when the opportunity cost of two goods is constant.