Multiple Choice
A production possibilities curve always slopes downward to the right because resources
A) are not scarce.
B) have no opportunity cost.
C) are freely available.
D) are limited.
E) are not related to outputs.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 3-2
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
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