Multiple Choice
Increasing opportunity costs suggest that:
A) Resources are not perfectly shiftable between the production of two goods
B) Resources are fully shiftable between the production of two goods
C) A country's production possibilities curve appears as a straight line
D) A country's production possibilities curve is bowed inward (i.e.,convex) in appearance
Correct Answer:
Verified
Correct Answer:
Verified
Q62: Ricardo's theory of comparative advantage was of
Q64: Figure 2.4 Production Possibilities Frontier<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1889/.jpg"
Q66: When a nation is in autarky and
Q67: As a result of international trade,specialization in
Q68: The commodity terms of trade measures<br>A) The
Q69: The trading-triangle concept is used to indicate
Q70: Table 2.1.Output Possibilities of the U.S.and the
Q89: Figure 2.1. Production Possibilities Frontier <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7110/.jpg"
Q119: Although J.S.Mill recognized that the region of
Q179: If two nations of approximately the same