If an economy is producing
efficiently, then ____
A: there is no way to produce
more of one good without producing less of another good.
B: it is possible to produce
more of both goods without increasing the quantities of inputs that
are being used.
C: it is possible to produce
more of one good without producing less of the other.
D: it is not possible to
produce more of any good at any cost.
efficiently, then ____
A: there is no way to produce
more of one good without producing less of another good.
B: it is possible to produce
more of both goods without increasing the quantities of inputs that
are being used.
C: it is possible to produce
more of one good without producing less of the other.
D: it is not possible to
produce more of any good at any cost.
举一反三
- Individuals Lin<br/>and Li<br/>both produce good X. Lin has a<br/>comparative advantage in the production of good X if Lin ( ) A: has a lower opportunity cost of producing good X than<br/>has Li. B: has a lower opportunity cost of producing good X than<br/>of producing good C: can produce more units of X in a given time period<br/>than can Li. D: can produce X using newer technology than can Li.
- Increasing returns to scale mains that the more you produce the lower<br/>the cost. (<br/>)
- 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
- may be broadly defined as those companies that produce a good or a service in two or more countries.
- A country has a__________ in producing a good if the opportunity cost of producing that good in terms of other goods is lower in that country than it is in other countries.