
ECN 220 ECN220 Week 7 Quiz Answers (Grand Canyon University)
ECN 220 ECN220 Week 7 Quiz
- In economics, scarcity means that:
- A consequence of the economic problem of scarcity is that:
- Opportunity cost is:
- The basic factors of production include:
- According to the law of increasing opportunity costs:
- Which of the following is an assumption under which the production-possibilities curve is drawn?
- An increase in the capacity to produce can be represented by a movement from:
- A shift of the production-possibilities curve from PP1 to PP2 could be caused by:
- A movement from point F to point D results in:
- At point A: