Multiple Choice
Along a concave production possibility frontier,the per-unit opportunity cost of increasing output typically:
A) increasing because specializing in the production of just one good is irrational.
B) decreasing because resources are difficult to move from one sector to another.
C) increasing because some resources are better-suited to producing one good than to the other.
D) decreasing because resource productivity increases naturally over time.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: Which of the following is generally considered
Q5: Which of the following is true of
Q6: A farmer can produce 10,000 pears on
Q7: Microeconomics is also known as price theory
Q8: What would be the impact on the
Q10: Positive economic analysis utilizes:<br>A)value judgments of highly
Q11: Which of the following is generally considered
Q12: Which of the following is an assumption
Q13: Consider the production possibility frontier of an
Q14: Do you think that the behavior of