Multiple Choice
Refer to the figure below.If this economy were currently operating at point D, then in order to make more movies:
A) the first productive resources to switch to making movies should be those with the lowest opportunity cost of making milk.
B) the first productive resources to switch to making movies should be those with the highest opportunity cost of making milk.
C) no productive resources would need to switch from making milk to movies because point D is already efficient.
D) no productive resources would need to switch from making milk to movies because each resource should continue to be used according to its comparative advantage.
Correct Answer:

Verified
Correct Answer:
Verified
Q19: If a country is producing at point
Q22: In general, individuals and nations should specialize
Q28: The textbook notes that the last time
Q45: Outsourcing is a term increasingly used to
Q58: The United States was unable to maintain
Q83: If a given production combination is efficient,
Q84: Working efficiently, Jordan can write 3 essays
Q97: The slope of a production possibilities curve
Q107: Dent 'n' Scratch Used Cars and Trucks
Q149: Assume point A on a linear production