Multiple Choice
In using a tanks and trucks production possibilities curve with increasing opportunity cost,producing more and more tanks
A) Lowers the cost of each individual tank.
B) Can be done at a constant opportunity cost.
C) Requires us to give up larger and larger amounts of trucks per tank produced.
D) Is not possible due to scarcity.
Correct Answer:

Verified
Correct Answer:
Verified
Q66: Factors of production are<br>A)Scarce in every society.<br>B)Scarce
Q67: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Using Figure 1.4
Q68: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Using Figure 1.5,if
Q69: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Refer to Figure
Q70: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Refer to Figure
Q72: Table 1.1 shows the hypothetical trade-off
Q73: Every time we use scarce resources in
Q74: All output combinations that lie outside a
Q75: Table 1.3 shows the hypothetical trade-off
Q76: Explain the difference between macroeconomics and microeconomics.Give