Multiple Choice
Suppose there are two countries,Freedonia and Sylvania,which have identical amounts of resources,identical technologies,and identical populations.Both produce two types of goods,consumer goods and capital goods,and they both always operate on their production possibilities frontiers.The only difference is that this year Freedonia chooses to produce relatively more consumer goods than Sylvania.What will happen as a result
A) Freedonia will have a higher living standard this year but will grow slower than Sylvania.
B) Freedonia will have a higher living standard this year and will grow faster than Sylvania.
C) Sylvania will have a higher living standard this year but will grow slower than Freedonia.
D) Sylvania will have a higher living standard this year and will grow faster than Freedonia.
Correct Answer:

Verified
Correct Answer:
Verified
Q11: In the simple circular-flow diagram, in which
Q21: What does a circular-flow diagram do?<br>A) It
Q35: What do the two loops in the
Q52: Which statement is the best explanation for
Q76: Figure 2-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 2-1
Q82: If Jake chooses to buy fewer pizzas
Q88: What is a duty of Human Resources
Q101: In the markets for goods and services,
Q174: What are the three propositions about which
Q186: Economic growth causes a production possibilities frontier