Multiple Choice
If Ying can increase production of houses without decreasing production of any other product, then Ying
A) is producing on his production possibilities frontier.
B) is producing outside his production possibilities frontier.
C) is producing inside his production possibilities frontier.
D) must have constant opportunity costs.
E) must prefer houses to any other product.
Correct Answer:

Verified
Correct Answer:
Verified
Q47: The number of consumers who lose from
Q48: The number of consumers who gain from
Q49: Opportunity cost is the ratio of what
Q50: Power struggles over tariffs and subsidies between
Q51: Sweatshop wages are low because<br>A) workers face
Q53: Protectionism creates government failure because tariffs and
Q54: Political pressure from export industries in many
Q55: The gains from freer trade benefit a
Q56: Canada has an absolute advantage in situations
Q57: In one hour, Chloe can bake 24