Write four assumptions in production possibilities curve
What are the four assumptions in the production possibilities curve and how can unemployment be illustrated with that curve. You do not need to draw it, you need to explain it. Additionally, what does it mean when the curve shifts to the right?
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What are the various ways to determine what variables should be included in a multiple regression equation?Compare and contrast the following processes: forward selection, backward elimination, and stepwise selection?
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Write down the four assumptions in production possibilities curve and how can unemployment be shown with that curve.
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Describe how market system gives strong incentive for technological advance and creative destruction. Within the answer, give three virtues of market system.
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