Topic Test Answers

Please select the word from the list that best fits the definition

What can a decision-making grid do?a.tell you the right course of actionb.show you every possible consequence of your decisionc.help you determine some of the opportunity costs for your decisiond.show you every possible benefit of your decision

Please select the word from the list that best fits the definition

Production possibilities frontiers curve when they are charted on a graph because they showa.the underutilization of resources.b.the maximum output of goods and services.c.the increasing costs resulting in increasingly less output.d.the technological level of the economy’s productivity.

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