Because resources tend to be specialized, if a society chooses to increase production of military goods, this tends to
A. result in a decrease in the opportunity cost of more military goods.
B. result in an increase in the opportunity cost of more nonmilitary goods.
C. result in an increase in the opportunity cost of more military goods.
D. change the position of the production possibilities curve.
E. alter the slope of the production possibilities curve.
Answer: C
You might also like to view...
If a firm is producing the level of output at which the total cost curve intersects the total revenue curve,
a. profit is positive b. profit is maximized c. profit is zero d. costs are minimized e. average revenue is maximized
You and your roommate plan to start a business after college selling pagers. You have personal assets of $20,000 . and she has personal assets of $15,000 . You plan to invest $12,00 . in the business while she plans to invest $8,000 . If the business
goes bankrupt with assets of $20,00 . and liabilities of $50,000 . describe how much each of you stand to lose if you organize (a) as a partnership, and (b) as a corporation.
An example of a transfer payment is
A. unemployment insurance benefits. B. the President's salary. C. court costs paid by the defendants in a law suit. D. a payment to a defense contractor.
Discuss HSBC bank crimes and the punishment it received. Explain why the Assistant U.S. Attorney General decided on a weak punishment.
What will be an ideal response?