Multiple Choice
Suppose Alberta decides to produce only two goods,oil and football helmets.If Alberta is producing on its production possibility frontier,as oil production increases,the production of football helmets will:
A) increase.
B) not change.
C) decrease at a necessarily decreasing rate.
D) decrease at some rate.
Correct Answer:
Verified
Correct Answer:
Verified
Q58: The models that economists construct:<br>A)usually make simplifying
Q62: If they bake only cakes,in a single
Q70: In the circular-flow diagram,an organization that produces
Q138: Unemployment decreased to its lowest level in
Q143: Labour and capital are the only two
Q144: Which statement is normative?<br>A) The rate of
Q155: Use the following to answer question:<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6643/.jpg"
Q223: Use the following to answer question:<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6643/.jpg"
Q225: "All other relevant factors remain unchanged" is
Q297: An economy is said to have a