Multiple Choice
A country currently is using all its land to produce wheat and grapes.However,the land most suited to growing grapes is being used to produce wheat,and the land most suited to growing wheat is being used to produce grapes.This is an example of
A) increasing opportunity costs
B) involuntary unemployment
C) productive inefficiency
D) central planning
E) communal ownership
Correct Answer:
Verified
Correct Answer:
Verified
Q107: Figure 2-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3972/.jpg" alt="Figure 2-6
Q108: If Alicia limits the range of her
Q109: If Indiana has an absolute advantage over
Q110: <span class="ql-formula" data-value="\begin{array} { | c c
Q111: Figure 2-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3972/.jpg" alt="Figure 2-3
Q113: Under market capitalism,resources are allocated by<br>A) command
Q114: Two reasons why an economy might operate
Q115: An economic system includes<br>A) money,stocks and bonds<br>B)
Q116: Specialization and exchange result in<br>A) lower production
Q117: Figure 2-12<br> <span class="ql-formula" data-value="\begin{array}