Multiple Choice
A nation can produce two products: tanks and autos. The table below is the nation's production possibilities: 
Given the production possibilities schedule above, a combination of 3 tanks and 350 autos:
A) Illustrates the tradeoff between tanks and autos
B) Is attainable but entails some unemployment or inefficient use of society's resources
C) Cannot be produced by society, given its current resources and production technology
D) Is not attainable because this combination is not listed in the schedule
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Which of the following is considered to
Q3: In a relationship between two variables, the
Q4: Which of the following is a normative
Q5: Because of increasing opportunity costs, the production
Q8: The following graph is the production possibilities
Q9: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4895/.jpg" alt=" The linear equation
Q10: Mia wants to buy a book. The
Q11: The economic perspective focuses largely on marginal
Q12: Economic analysis assumes "purposeful behavior", which means
Q30: The comment that "taxes must be reduced