Multiple Choice
A movement from point C to point A in Figure 1.4 results in
A) More efficient production.
B) Permanent unemployment of workers producing plasma televisions.
C) A reallocation of resources from smartphone production to television production.
D) A reallocation of resources from television production to smartphone production.
Correct Answer:
Verified
Correct Answer:
Verified
Q142: Which of the following is an assumption
Q143: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" In Figure 1.9
Q144: In terms of the production possibilities curve,inefficiency
Q145: Explain the concept of inefficiency in terms
Q146: Output combinations that lie inside the production
Q148: Which of the following may be used
Q149: The market mechanism<br>A)Is not a very efficient
Q150: According to the law of increasing opportunity
Q151: Which economist argued that free markets unleashed
Q152: Table 1.2 shows the hypothetical trade-off