Multiple Choice
Figure 2-1
-In Figure 2-1,the combination of outputs shown at point E could be obtained if
A) resources were used more efficiently.
B) resources were shifted from education to health care.
C) resources were shifted from health care to education.
D) there was an increase in society's resources.
Correct Answer:

Verified
Correct Answer:
Verified
Q111: Explain why comparative advantage rather than absolute
Q112: The "terms of trade" principle refers to
Q113: Pure capitalism is sometimes referred to as<br>A)a
Q114: A production possibilities curve that is bowed
Q115: The Canadian economy is an example of<br>A)a
Q117: The principle of comparative advantage states that<br>A)countries
Q118: Explain the meaning and importance of the
Q119: A pure capitalist economy would be<br>A)a system
Q120: A production possibilities curve represents<br>A)combinations of goods
Q121: Figure 2-3<br>Tonnes<br>of<br>Soybeans <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 2-3 Tonnes