Multiple Choice
If the United States decides to convert automobile factories to tank production,as it did during World War II,but finds that some auto manufacturing facilities are not well suited to tank production,then
A) The production possibilities curve between tanks and automobiles will appear as a straight line.
B) The production possibilities curve between tanks and automobiles will shift outward.
C) Decreasing opportunity costs will occur with greater automobile production.
D) Increasing opportunity costs will occur with greater tank production.
Correct Answer:
Verified
Correct Answer:
Verified
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