Multiple Choice
The table above shows the production possibilities for an economy. Drawing a PPF with books on the vertical axis and bread on the horizontal axis, a movement from possibility B to possibility C to possibility D shows the opportunity cost of ________ moving down along the PPF.
A) books decreases
B) books and bread are both increasing
C) bread decreases
D) books is constant
E) bread increases
Correct Answer:
Verified
Correct Answer:
Verified
Q60: On a production possibilities frontier, 500 kilograms
Q61: When Mike has an absolute advantage in
Q62: Economic growth depends upon which of the
Q63: A country produces only apples and bananas.
Q64: During a time of high unemployment, a
Q65: If a society moves from a period
Q67: If there is increasing opportunity cost, then,
Q68: The opportunity cost of economic growth is<br>A)
Q69: To achieve gains from trade, a country<br>A)
Q70: A country produces only cans of soup