Multiple Choice
A small Caribbean island-country produces only pineapples and rum.If resources are used efficiently in the economy,
A) it will not be possible to produce more rum without decreasing the production of pineapples.
B) it will be possible to produce more pineapples without decreasing the production of rum.
C) it will be producing on its production possibilities curve.
D) it will not be possible to produce more rum without decreasing the production of pineapples AND it will be producing on its production possibilities curve.
E) it will be possible to produce more pineapples without decreasing the production of rum AND it will be producing on its production possibilities curve.
Correct Answer:
Verified
Correct Answer:
Verified
Q255: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5852/.jpg" alt=" -If the economy
Q256: For most of World War II,our economy
Q257: Statement I: An outward shift in the
Q258: A move from point H to I
Q259: In the 1950s<br>A)more women were unemployed than
Q260: Which of the following would NOT be
Q261: According to the law of increasing costs,as
Q262: Which point best represents our economy in
Q263: Which statement is true?<br>A)Productive efficiency has never
Q265: The study of economics<br>A)is a very narrow