Economists chart the limits of resources and technology on output through_____________________?
Correct answer: A. production-possibility schedules
- A. production-possibility schedules
- B. product-moment correlations
- C. Venn diagrams
- D. welfare functions
Explanation
A production-possibility schedule shows the maximum combinations of goods an economy can produce with its available resources and technology. The other choices measure relationships, display set relations, or express welfare preferences rather than production limits.
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