Multiple Choice
Use the table below to answer the following questions.
Table 2.1.2
Production Possibilities
-Refer to Table 2.1.2.According to this production possibilities frontier,
A) a combination of 6 kilograms of butter and 1 snowshoe is inefficient.
B) a combination of 0 kilograms of butter and 4 snowshoes is attainable.
C) resources are equally useful in all activities.
D) the opportunity cost of producing snowshoes increases as more snowshoes are produced.
E) the opportunity cost of producing snowshoes decreases as more snowshoes are produced.
Correct Answer:

Verified
Correct Answer:
Verified
Q112: Economic growth _ overcome scarcity because _.<br>A)does;with
Q113: Choose the correct statements. 1.Opportunity cost of
Q114: Use the information below to answer the
Q115: The principle of decreasing marginal benefit implies
Q116: Use the figure below to answer the
Q118: A medical clinic employs 10 workers.Each worker
Q119: The marginal benefit curve from a good<br>A)shows
Q120: Which one of the following concepts is
Q121: Any two individuals gain from trade<br>A)unless one
Q122: A person who has an absolute advantage