Multiple Choice
If a firm or a nation desires to maximize its output, each productive assignment should be carried out by those persons who
A) have the highest opportunity cost.
B) have a comparative advantage in the productive activity.
C) can complete the productive activity most rapidly.
D) least enjoy performing the productive activity.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Internet sites such as eBay make it
Q2: The opportunity cost of building a park
Q3: When the Social Security surplus is used
Q4: The production possibilities curve illustrates the basic
Q6: Figure 2-10 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7348/.jpg" alt="Figure 2-10
Q7: If the Internet makes it easier for
Q8: Statistical data provided by the U.S. Department
Q9: Which of the following about Social Security
Q10: Detailed studies indicate that, on balance, the
Q11: The creation of a new product or