When the production possibilities curve is concave from the origin, then resources can be used: a. equally well for both goods.
b. as more of one good is produced, more of the other good is sacrificed.
c. the nation can produce more of both goods.
d. the good on the horizontal axis is a free good.
e. the good on the vertical axis is a free good.

How is the division of labor accomplished?

If springfield is operating at full employment who is working a. everyone b. about 96% of the workforce c. the entire work force d. the robots

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation