Multiple Choice
Exhibit 3-3
-Refer to Exhibit 3-3. A movement from Point C to Point B:
A) involves sacrificing bread in order to produce a greater quantity of wine.
B) involves sacrificing wine in order to produce a greater quantity of bread.
C) involves no sacrifice of output, as the opportunity cost of production is zero everywhere along the production possibilities curve.
D) will increase the level of unemployment in the economy.
Correct Answer:

Verified
Correct Answer:
Verified
Q84: Capital accumulation causes the production possibilities curve
Q85: Which of the following is not an
Q86: In the simple circular flow model:<br>A)firms are
Q87: In a command economy, decisions about how
Q88: An inefficient allocation of resources or unusually
Q90: Exhibit 3-10 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-10
Q91: Assume that, given factors of production and
Q92: Which of the following is not a
Q93: The production possibilities curve for an economy
Q94: The degree of government involvement in the