# On a production possibilities curve, unemployment is represented by: a. a point on the production...

## Question:

On a production possibilities curve, unemployment is represented by:

a. a point on the production possibilities curve.

b. the points at which the production-possibilities curve touches each axis.

c. a point below or to the left of the production possibilities curve.

d. a point above and to the right of the production possibilities curve.

## Production Possibilities Curve:

A production possibilities curve shows us all combinations of two goods we can produce given we are using all available resources. A production possibilities curve is often concave because of diminishing returns.

## Answer and Explanation: 1

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View this answer**Answer: C**

When unemployment occurs, labor is not being used to its fullest. Thus, we are not using all available resources in the production of...

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Chapter 11 / Lesson 28Understand what the production possibilities curve is, and learn how to construct and interpret a production possibilities curve along with the example.

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- In the production possibilities frontier framework, unemployment is represented by: A) an inward shift of the curve. B) a point located inside the curve. C) a point located outside the curve. D) a point located on the curve.
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- Shifting the production possibilities curve An outward shift of an economy's production possibilities curve is caused by a. entrepreneurship. b. an increase in labor. c. an advance in technology. d. all of the above.
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