Figure 2-3 Factors E Tubas B, D. E 8. Refer to Figure 2-3. The economy can produce at which point or points? b. A, B.
Figure 2-3 Factors E Tubas B, D. E 8. Refer to Figure 2-3. The economy can produce at which point or points? b. A, B. D. E C. D d. D. C 9. Refer to Figure 2-3, Which point represents the maximum possible production of tubas? D b. E C. B d. A 10. Refer to Figure 2-3. The economy CANNOT produce at which point or points? 1. A. C b. A, C. D. C. A d. C 11. Refer to Figure 2-3. Which point or points are inefficient? C b. D. C C. A.C d. D 12. The production possibilities frontier is bowed outward if a. resources are not perfectly shiftable. b. the amount of resources increases. c. the level of technology increases. d. Both b and c are correct 13. When a production possibilities frontier shifts outward, it is demonstrating the concept of a. economic growth. b. efficiency. opportunity cost. d. tradeoffs.Figure 2-3 Factors E Tubas B, D. E 8. Refer to Figure 2-3. The economy can produce at which point or points? b. A, B. D. E C. D d. D. C 9. Refer to Figure 2-3, Which point represents the maximum possible production of tubas? D b. E C. B d. A 10. Refer to Figure 2-3. The economy CANNOT produce at which point or points? 1. A. C b. A, C. D. C. A d. C 11. Refer to Figure 2-3. Which point or points are inefficient? C b. D. C C. A.C d. D 12. The production possibilities frontier is bowed outward if a. resources are not perfectly shiftable. b. the amount of resources increases. c. the level of technology increases. d. Both b and c are correct 13. When a production possibilities frontier shifts outward, it is demonstrating the concept of a. economic growth. b. efficiency. opportunity cost. d. tradeoffs
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