In order for Ireland to grow more potatoes, wool production must decrease. This situation is an example of
A) opportunity benefit.
B) a tradeoff.
C) zero opportunity cost.
D) producing at a point that lies beyond the PPF.
E) a free lunch.
B
You might also like to view...
According to the textbook, the Manning study suggests that a large share of the increase in medical expenditures since World War II has been caused by:
A. the increase in first-dollar medical insurance. B. the increase in high-deductible policies. C. advances in medical technology. D. the annual stipend given to the poor to defray medical expenses.
Tax saving so that people spend more and firms' profits are higher
Answer the following statement(s) true (T) or false (F)
When an asset is sold for less than it is bought, then there is a
A. capital loss. B. corporate income tax. C. budget deficit. D. capital gain.
What are some of the reasons for the major back flows that occur in most international migration patterns?
What will be an ideal response?