The production possibilities frontier has a bowed-out shape because the quantity of guns the economy must give up in order to produce more butterthe more butter is produced. In other words, the opportunity cost of butterwith increased production. Imagine a society that produces military goods and consumer goods, which we'll call "guns" and "butter," respectively. Indicate which of the points are impossible for the economy to achieve and which are feasible but inefficient. Characteristic A B C D Impossible for the economy to achieve Feasible but inefficient
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Business, 21.06.2019 15:20
What is the purpose of taking a personality inventory assessment? a. to find out what personality traits you should acquire for a successful career b. to identify your personality traits and relate them to a suitable career c. to compare your personality traits with those of successful people in different careers d. to identify aspects of your personality that you can improve with the of a counselor
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Business, 21.06.2019 22:50
Which of the following statements is true? a job costing system will have a separate work in process account for each of the major processes. a process costing system will have a single work in process account. a process costing system will have a separate raw materials account for each of the major processes. a process costing system will have a separate work in process account for each of the major processes.
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Business, 22.06.2019 20:40
Which of the following would indicate an improvement in a company's financial position, holding other things constant? a. the inventory and total assets turnover ratios both decline.b. the debt ratio increases.c. the profit margin declines.d. the times-interest-earned ratio declines.e. the current and quick ratios both increase.
Answers: 3
The production possibilities frontier has a bowed-out shape because the quantity of guns the economy...
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