Multiple Choice
When all of the available factors of production are being efficiently employed,the
A) economy is producing at a point within its PPF.
B) economy is producing at a point on its PPF.
C) economy is producing at a point beyond its PPF.
D) PPF disappears.
E) opportunity cost of changing production is infinite.
Correct Answer:
Verified
Correct Answer:
Verified
Q59: "If Mexico is currently operating at a
Q61: Hank requires 1 hour to cut the
Q62: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure
Q63: A country produces only apples and bananas.Moving
Q65: "If Mexico is currently operating at a
Q66: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -Suppose India and
Q67: In order for Ireland to grow more
Q68: If Toni has an absolute advantage in
Q69: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -Suppose that Germany,France,Estonia,and
Q272: What is comparative advantage? Give an example.