Multiple Choice
As an economy moves from point to point along its production possibilities curve, which one of the following variables changes?
A) the total amount of resources employed
B) the level of technology
C) the level of efficiency of some factors of production
D) the amount of each good or service produced
Correct Answer:
Verified
Correct Answer:
Verified
Q347: In economic terminology, the accumulated training and
Q348: In economics, international trade is based on
Q349: If you can make $25,000 a year
Q350: Explain how comparative advantage, specialization and division
Q351: When a society takes increasing amounts of
Q353: A straight-line production possibilities curve has<br>A) an
Q354: Generally, specialization leads to<br>A) constant opportunity costs.<br>B)
Q355: If a country increased the production of
Q356: Suppose an acre of land yields 100
Q357: Naturally occurring diamonds are an example of<br>A)