Multiple Choice
If an economy is operating inefficiently, then
A) the economy can increase production of consumption goods without reducing capital goods.
B) there is always a positive opportunity cost to increasing output.
C) output can only be increased through capital investment.
D) output cannot be increased.
Correct Answer:

Verified
Correct Answer:
Verified
Q186: An optimal decision is one that is
Q187: Free markets promote all of society's goals.
Q188: Efficient production can be carried out anywhere
Q189: Opportunity cost is the value of the
Q190: The U.S.federal government spent more than $4
Q192: How are money cost and opportunity cost
Q193: Economics examines the options open to households
Q194: As a general rule, an increase in
Q195: If production involves increasing opportunity cost, then
Q196: The tendency of opportunity cost to increase