If an economy is fully utilizing its resources, it can produce more of one product only if it:
举一反三
- If an economy is productively efficient: A: Everyone is wealthy B: Resources are unemployed C: More of one product can only be produced if less of another product is produced D: The distribution of income is equal
- If an economy is producing<br/>efficiently, then ____ A: there is no way to produce<br/>more of one good without producing less of another good. B: it is possible to produce<br/>more of both goods without increasing the quantities of inputs that<br/>are being used. C: it is possible to produce<br/>more of one good without producing less of the other. D: it is not possible to<br/>produce more of any good at any cost.
- If country A has a comparative advantage in producing shoes, then________________________.( ). A: other countries will never produce shoes if trade is allowed B: it can produce shoes at lower opportunity costs than other countries can C: it has more factors of production used in the production of shoes relative to other countries D: it can produce shoes using more resources than other countries can
- A company can pursue one of the four strategies for each SBU. It can invest more in the SBU to _______ its share.
- Along a country's PPF A: Resources are not fully utilised B: More of one good is being produced without giving up some of the other goods C: Available resources are being used efficiently D: The level of technology is changing