Answer Happy

Question 2 Which of the following statements about the PPF are correct? (Select all that apply.) When the economy operates on the PPF, it reaches its potential. When the economy moves between two points on the PPF, the economy reduces its production of one good to increase the production of the other: this defines efficiency, When the economy operates inside the PPF, there are idle resources, this defines inefficiency When resources are not allocated to their best use, the economy is inefficient Question 3 1 pts The quantity of output is fixed. The quantity and quality of inputs is fixed. The mix of outputs is fixed. The quantity and quality of technology is fixed. Type: MC Which of the following are assumptions that economists make when drawing the PPF? (Select all that apply.) Question 4 Which of the following statements describes economic growth? The economy moves from a point inside the PPF to a point on the PPF. O The economy moves along the PPF. O The economy's real GDP per capita grows. O The economy operates at a point outside the PPF. 1 pts 1 pts