Multiple Choice
Production efficiency means that
A) scarcity is no longer a problem.
B) producing more of one good is possible only if the production of some other good is decreased.
C) as few resources as possible are being used in production.
D) producing another unit of the good has no opportunity cost.
Correct Answer:
Verified
Correct Answer:
Verified
Q127: When operating on its PPF, a country
Q128: Marginal cost<br>A) increases as more is produced.<br>B)
Q129: Increasing opportunity cost implies that<br>A) producing additional
Q130: Jane produces only corn and cloth. Taking
Q131: If two countries specialize in the production
Q133: The marginal benefit from a good is
Q134: BAE, a British defense company, has the
Q135: Claire and Dag are farmers who produce
Q136: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Consider the PPF
Q137: Economic growth comes from<br>A) people willing to