Multiple Choice
Country 1 produces two goods,A and B.Country 2 produces the same two goods.Currently,country 1 produces 100A and 200B and country 2 produces 300A and 700B.Which of the following statements is true?
A) If country 1 is on its production possibilities frontier,then country 2 must be on its PPF,too.
B) The PPF for country 1 is necessarily closer to the origin (or further to the left) than the PPF for country 2.
C) If country 1 is productive inefficient,then so is country 2.
D) Country 2 is operating on its PPF,but country 1 is clearly not operating on its PPF.
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q136: A PPF can<br>A) shift outward but not
Q137: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q138: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q139: The economy can produce 0X and 15Y,10X
Q140: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q142: Productive efficiency implies that<br>A) all consumers' wants
Q143: In an eight-hour day,Andy can produce either
Q144: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q145: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q146: A PPF is bowed outward as a