Multiple Choice
Refer to the figure below. This economy would be operating at point B if:
A) it was operating efficiently.
B) the opportunity cost of making milk were higher than the opportunity cost of making movies.
C) the opportunity cost of making movies were higher than the opportunity cost of making milk.
D) resources that are better-suited to making movies were being used to make milk, while resources that are better-suited to making milk were being used to make movies.
Correct Answer:

Verified
Correct Answer:
Verified
Q26: One concern regarding the North American Free
Q31: As the differences in opportunity costs between
Q70: The figure below shows Becky's daily production
Q73: The production possibilities curve shows:<br>A)the minimum production
Q74: Smith and Jones comprise a two-person
Q76: Refer to the table below. Julia's
Q78: Suppose it takes Paul 3 hours to
Q79: Refer to the table below. According
Q136: A country is most likely to have
Q150: Suppose it takes Dan 5 minutes to