Solved

-Which of the Following Statements About a Movement Along the Production

Question 192

Multiple Choice

-Which of the following statements about a movement along the production possibilities curve in the above figure is FALSE? A) An additional computer can be produced only if fewer televisions are produced. B) The trade-off between computers and televisions is not constant. C) Society cannot have more of both goods at the same time. D) There are no opportunity costs involved in choosing one point on the curve over all other points.
-Which of the following statements about a movement along the production possibilities curve in the above figure is FALSE?


A) An additional computer can be produced only if fewer televisions are produced.
B) The trade-off between computers and televisions is not constant.
C) Society cannot have more of both goods at the same time.
D) There are no opportunity costs involved in choosing one point on the curve over all other points.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q187: When Adam Smith's ten pin workers specialized,

Q188: Which is the best example of an

Q189: Whenever the economy is producing the maximum

Q190: Division of labor increases the output of

Q191: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the

Q193: Specialization occurs because<br>A) society trades current consumption

Q194: Briefly explain the difference between the concepts

Q195: In the above figure, as more ukuleles

Q196: Refer to the above figure. How do

Q197: If an economy produces only steel and