--%>
Assignment Help - homework help

Problem based on production possibilities curve

Refer to the given production possibilities curve and give  answer of following question . At the onset of the Second World War the Soviet Union was already at full employment. Its economic adjustment from peacetime to wartime can best be described by the movement from point: A) c to point b. B) b to point c. C) a to point b. D) c to point d.

928_6.png

Some one help me in getting out from above question

   Related Questions in Microeconomics

  • Q : Demand for product is most elastic at

    From these points in this figure, demand for cheesy fried grits is largely elastic at a price of: (w) P1 and quantity of Q3. (x) P2 and quantity of Q2. (y) P3 and quantity of Q1. (z) P4 and q

    		•
  • Q : Barriers to entry in the long run

    Imperfectly competitive firms protected by important barriers to entry are as: (1) assured of positive accounting profits in the short run. (2) almost certain to succeed in collusively fixing prices at high levels. (3) assured of positive economic pro

    		•
  • Q : Purely competitive firm with no market

    A purely competitive firm along with no market power faces: (1) a perfectly elastic demand curve. (2) a perfectly elastic supply curve. (3) a perfectly inelastic demand curve. (4) a perfectly inelastic supply curve. (5) a downward sloping demand curve

    		•
  • Q : Price taker market for

    The “kinked-demand-curve” model is an effort to model the behavior of firms within: (1) a cartel. (2) a monopoly. (3) price leadership. (4) an oligopoly. (5) a price taker market. Hello guys I want your

    		•
  • Q : Supply in short-run equilibrium When a

    When a purely competitive industry is within short-run equilibrium, this: (w) should also be in long-run equilibrium. (x) won’t be in long-run equilibrium. (y) may or may not be within long-run equilibrium. (z) will experience m

    		•
  • Q : Quantity demanded grows with price cut

    A price elasticity of demand coefficient of 2.5 approximately implies that: (1) quantity demanded rises 1 percent while price rises 2.5 percent. (2) quantity demanded grows 2.5 percent along with a 1 percent price cut. (3) price rises 2.5 percent whil

    		•
  • Q : Agricultural demand The demand for

    The demand for agricultural products is: A) relatively elastic with respect to price. B) relatively inelastic with respect to price. C) relatively elastic with respect to income. D) downward sloping to the individual farmer, but perfectly elastic to farmers as a group.

    		•
  • Q : Generates price and a quantity

    All prospective suppliers [sellers] would be in equilibrium when this market for teleporter buttons created a price and a quantity consistent along with: (1) eliminating the shortage Q1-Q3 existing at P3. (2) any point along the demand

    		•
  • Q : Law of comparative benefits Can someone

    Can someone please help me in determining the right answer from the following question. The law of comparative benefit exhibits: (a) Why trade with a country in which salaries are low is not fair. (b) How countries try to use each other via trade. (c)

    		•
  • Q : Employed Currency in 1700s In 1700s

    In 1700s what currency was employed?

    		•