Multiple Choice
A movement from point C to point A in Figure 1.4 results in
A) More efficient production.
B) Permanent unemployment of workers producing plasma televisions.
C) A reallocation of resources from MP3 player production to plasma television production.
D) A reallocation of resources from plasma television production to MP3 player production.
Correct Answer:

Verified
Correct Answer:
Verified
Q77: Table 1.3 shows the hypothetical trade-off
Q78: All output combinations that lie outside a
Q80: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5716/.jpg" alt=" In Figure 1.3,a
Q82: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5716/.jpg" alt=" Refer to Figure
Q84: Opportunity cost is<br>A)Measured only in dollars and
Q85: Table 1.1 shows the hypothetical trade-off
Q98: Which of the following is true when
Q118: With respect to factors of production,which of
Q127: The Economy Tomorrow on "Harnessing the Sun"
Q145: Explain the concept of inefficiency in terms