Multiple Choice
The production possibilities frontier in Figure 3-1, using a move from point B to point D as an example, shows
A) a constant slope.
B) the principle of comparative advantage.
C) the principle of increasing costs.
D) an inefficient allocation of resources.
Correct Answer:

Verified
Correct Answer:
Verified
Q25: A production possibilities frontier shows the combinations
Q28: Do markets solve all of society's problems?<br>A)Yes,
Q53: The term "satisficing" indicates an optimal choice.
Q83: Few bother to think about what makes
Q108: The opportunity cost of a college education
Q220: A production possibilities frontier has a downward
Q221: Karl Marx was critical of markets on
Q223: Adam Smith's discussion of the production in
Q230: In early 1996, the upper Midwest suffered
Q276: The concept of opportunity cost only applies