Multiple Choice
-In the figure above
A) moving from point a to point b would require new technology.
B) production at point b is efficient whereas production at point a is not efficient.
C) some resources must be unemployed at point c.
D) opportunity costs are decreasing.
Correct Answer:
Verified
Correct Answer:
Verified
Q20: Explain why the production possibilities frontier bows
Q21: Moving along a bowed-out PPF between milk
Q22: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the production
Q23: When moving along the production possibilities frontier,
Q24: Using the production possibilities frontier model, unemployment
Q26: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure above
Q27: Draw a production possibilities frontier between beans
Q28: Marginal cost is the _ one more
Q29: Suppose that the United States and Cuba
Q30: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Harry