A: is producing outside his Production Possibility Frontier
B: is has achieved technological advancement in the production of kola and cashew nuts
C: is producing on its Production Possibility Frontier
D: is producing inside its Production Possibility Frontier
举一反三
- 中国大学MOOC: If a country produces good Y (measured on the vertical axis) and good X (measured on the horizontal axis), then the absolute value of the slope of its production possibility frontier is equal to _____________.
- On a production possibilities frontier, production is efficient if the production point is
- Production efficiency occurs when production ( ). A: is at a point beyond the production possibilities frontie B: is on the production possibilities frontier or inside it C: is at any attainable point D: is on the production possibilities frontie
- Any production point outside the production possibilities frontier _______ A: is unattainable B: is associated with unused resources C: is attainable only if prices fall. D: is attainable only if prices rise
- Refer to the production possibilities frontier in the figure above. Production point ________ represents an ________ production point. A: b; unattainable. B: c; unattainable. C: e; inefficient. D: c; inefficient.
内容
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Tastes of individuals are represented by() A: the production possibility frontier. B: the isovalue line. C: the indifference curve. D: the production function.
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Tastes of individuals are represented by A: isovalue lines. B: production possibility frontiers. C: production functions. D: indifference curves.
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Bananas and apples are substitutes. When the price of bananas falls and a technological advancement in apple production occurs at the same time:
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Suppose Jim and Tom can both produce baseball bats. If Jim’s opportunity cost of producing baseball bats is lower than Tom’s opportunity cost of producing baseball bats, then A: Tom must have an absolute advantage in the production of baseball bats. B: Jim must have an absolute advantage in the production of baseball bats. C: Tom has a comparative advantage in the production of baseball bats. D: Jim has a comparative advantage in the production of baseball bats.
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China, France and the United States are considered to（）. A: be large producers of applesauce B: be large producers of apples C: have the longest history in apple production D: have the coldest winter among apple producing countries