An upward sloping production posibilities curve?

Question

A) is rare

B) would violate the principle of resource scarcity

C) would show that production decisions require tradeoffs

D) is, at least, theoritically possible

E) is the norm

What is the 'best' answer to the question?

If a campus organisation provides a free lunch to all students who show up, then...

A) the scarcity principle has been violated

B) the scarcity principle still applies to the decision to allocate the time to go out and eat

C) the lunch is completely without cost

D) no tradeoffs are involved

E) it is a free lunch because no price was charged

Again the 'best' answer is?

Answer 1

An upward sloping production posibilities curve?

The best answer is

B) would violate the principle of resource scarcity

If a campus organisation provides a free lunch to all students who show up, then

The best answer s :

B) the scarcity principle still applies to the decision to allocate the time to go out and eat ( because all people may not like the luch served free or the environment of the luch room)

Answer 2

1 - 'B'

2 - 'B' then next 'E'