As we increase the production of computers, we find that we must give up larger and larger amounts of DVD players per computer
A) This situation illustrates increasing opportunity cost.
B) As a result, we should specialize in the production of DVD players.
C) The production possibilities frontier for computers and DVD players is a straight line.
D) DVD players will be more highly regarded by consumers than computers.
A
You might also like to view...
The prisoners' dilemma game
a. provides insight into why cooperation is individually rational. b. provides insight into why cooperation is difficult. c. is a game in which neither player has a dominant strategy. d. is a game in which exactly one of the two players has a dominant strategy.
Farms with sales of more than $250,000 account for __________ percent of U.S. agricultural sales.
Fill in the blank(s) with the appropriate word(s).
Which of the following is FALSE?
A. Engaging in predatory pricing is always more profitable than permitting existing firms to remain in the market. B. Being the first mover is always best. C. It is always more profitable to engage in limit pricing than to permit entry. D. All of the statements associated with this question are false.
One way fiscal policy affects aggregate demand is:
A. indirectly through government spending. B. directly through tariffs. C. directly through taxation. D. indirectly through taxation.