Multiple Choice
A country operates inside its production possibilities curve; this may be caused by
A) unemployed resources.
B) total efficiency in industry.
C) a new resource being discovered.
D) a lack of modern products being produced.
Correct Answer:
Verified
Correct Answer:
Verified
Q232: Refer to the above figure. How do
Q233: The law of increasing opportunity cost implies
Q234: Economic growth can be pictured in a
Q235: A production possibilities curve will shift inward<br>A)
Q236: Scarcity is caused by<br>A) unlimited wants running
Q238: Human resources that perform the functions of
Q239: Production is efficient when<br>A) it generates a
Q240: Why do most people specialize in their
Q241: Typically, the greater the specialization of resources<br>A)
Q242: Scarcity affects<br>A) only rich people.<br>B) only poor