Multiple Choice
Figure 3-2
-In Figure 3-2, at point B
A) it is impossible to increase production of consumer goods.
B) it is impossible to increase production of capital goods.
C) it is possible to increase production of both capital goods and consumer goods simultaneously.
D) it is impossible to increase production of both capital goods and consumer goods simultaneously.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 3-2
Q3: Efficient production can be carried out anywhere
Q4: The law of comparative advantage implies that
Q5: A production possibilities curve always slopes downward
Q6: Do all valuable items have price tags?<br>A)No,
Q7: While specialization and exchange were very important
Q8: The workers in Adam Smith's famous pin
Q9: If good "A" is represented on the
Q10: Efficiency is defined as minimizing waste.
Q11: Because of scarcity, every economic decision involves<br>A)a