Multiple Choice
If a nation selects a product mix focused on _____ goods, the production possibilities frontier will expand at a greater rate than if the nation produced mostly _____ goods.
A) labor-intensive; capital-intensive
B) consumption; capital
C) labor-intensive; consumption
D) capital; consumption
Correct Answer:
Verified
Correct Answer:
Verified
Q332: (Figure: Tanks and Health Care) Refer to
Q333: When the mix of goods and services
Q334: Which statement BEST illustrates increasing opportunity costs?<br>A)
Q335: A curve of which shape reflects the
Q336: Capital<br>A) refers to commercial bank-lending policies.<br>B) is
Q338: When an economy is operating efficiently, the
Q339: (Figure: Bread and Honey) In the graph,
Q340: Comparative advantage stems from differences in the
Q341: (Figure: Bread and Honey) In the graph,
Q342: The concept of human capital is important