C719 MACROECONOMICS PRE ASSESSMENT QUESTIONS AND ANSWERS

C719 Macroeconomics Pre-Assessment Questions According to the production possibilities curve model, as you increase the production of one good. What will happen to the sacrifices of the alternate good? A farmer fully utilizes his resources to produce cauliflower and kale. As the farmer produces more cauliflower. So he has fewer resources available to produce kale.Which curve is illustrated in this scenario? What are the main foci of economics? Study the two-sector circular-flow diagram.Cl...

C719 Macroeconomics Pre-Assessment Questions According to the production possibilities curve model, as you increase the production of one good. What will happen to the sacrifices of the alternate good? A farmer fully utilizes his resources to produce cauliflower and kale. As the farmer produces more cauliflower. So he has fewer resources available to produce kale.Which curve is illustrated in this scenario? What are the main foci of economics? Study the two-sector circular-flow diagram.Cl...