Along a production possibilities curve, an increase in the production of one typ

Question

Along a production possibilities curve, an increase in the production of one type of good can be accomplished only by (Points : 1) decreasing the production of the other type of good. increasing the production of the other type of good. holding constant the production of the other type of good. decreasing the price of the other type of good. (TCO 1) The term dollar votes means (Points : 1) inflation will occur if consumers don't spend wisely. voters may be offered dollars to help elect certain political candidates. government is responsible for determining what will be considered legal tender. consumers "vote" for certain products to be produced by how they spend their incomes. (TCO 1) Which would not be characteristic of a capitalist economy? (Points : 1) Government ownership of the factors of production Competition and unrestricted markets Reliance on the market system Free enterprise and choice

Explanation / Answer

..Increasing the production of the other type of good.
..Government is responsible for determining what will be considered legal tender.
..Competition and unrestricted markets.

1) decreasing the production of the other type of good.
2) consumers "vote" for certain products to be produced by how they spend their incomes.
3) Free enterprise and choice

Along a production possibilities curve, an increase in the production of one type of good can be accomplished only by decreasing the production of the other type of good.
The term dollar votes means consumer demands in dollars for various products will determine whether or not these products get produced in a market economy.

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