Multiple Choice Tutorial Chapter 2 Some Tools of 多选择教程2章的一些工具.pptVIP

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Multiple Choice Tutorial Chapter 2 Some Tools of 多选择教程2章的一些工具.ppt

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Multiple Choice Tutorial Chapter 2 Some Tools of 多选择教程2章的一些工具

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * 52. What is the opportunity cost of moving from point C to point E in Exhibit 2-1? a. GC units of capital plus GE units of consumer goods b. GC units of capital minus GC units of consumer goods c. CE units of capital goods and consumer goods d. CG units of consumer goods D. CG shows how many units of consumer goods would have to be given up to have GE more units of capital goods. * Shifts in the Economy’s PPF Panel D: Increase in resources or technology that benefits capital goods Consumer goods Capital goods PPF A PPF * 53. Which of the following would shift the Production Possibilities Frontier (PPF) from PPF to PPF’ in Exhibit 2-2? a. improved technology in the production of consumer goods b. both of the following c. a reduction in inefficiency d. improved technology in the production of capital goods D. Improved technology would increase productivity pushing the PPF curve outward. * END * * * * * * * * * * * * * * * * * * * * * * * * * * * * * 20. The production possibilities frontier identifies a. the maximum possible combinations of two goods which society can use during a given time period b. the maximum possible combinations of two resources which society can use during a given time period c. society’s preferences for goods and services produced A. It is called production possibilities because the curve shows the greatest combinations that are possible with the given constraints. * 21. “Efficiency” refers to a. producing output using the least amount of labor b. producing output using the least amount of capital c. producing as far inside the production possibilities frontier as possible d. getting the maximum possible output from available resources D. A country is being most efficient when it uses its resources the best way possible. * 22. If all resources are used efficiently to produce goods and services, the nation will find itself producing a. inside its production possibili