At a point on a production possibilities curve, opportunity cost of more capital goods today is

A. fewer consumer goods in the future.
B. fewer capital goods in the future.
C. fewer consumer goods today.
D. more unemployed resources in the future.


Answer: C

Economics

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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 

A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C

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An increase in the price level results in a(n) ________ in household consumption spending and a(n) ________ in investment spending

A) decrease; increase B) increase; decrease C) increase; increase D) decrease; decrease

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Periodic fluctuations in real GDP are called

a. business cycles b. recessions c. peaks d. expansions e. troughs

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Which one of the following is a source of organizational power?

A. Vision setting B. Work experience C. Risk appetite D. Formal authority

Economics