production possibilities frontier outward? O A. An increase in the capital stock. O B. An increase in the labour force. O C. An advance in technology. O D. A reduction in unemployment.
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![Which of the following will NOTshift a country's
production possibilities frontier outward?
O A. An increase in the capital stock.
O B. An increase in the labour force.
O C. An advance in technology.
O D. A reduction in unemployment.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F801facd3-1399-4500-aa8c-c6aa7a9faecc%2F9cb5c257-8025-473d-8717-5a8f4fb52f3a%2Fr9q0nq_processed.jpeg&w=3840&q=75)
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- 01 20 wered For each fancy dress Cafilla produces, it gives up the opportunity to make 50 pounds of cheese. Bodoni can produce one fancy dress for every 100 pounds of cheese it produces. If specialization and trade were to occur between these two countries, which of the following would be consistent with the theory of comparative advantage? O a. Bodoni has the comparative advantage in only dresses. O b. Cafilla has the comparative advantage in only cheese. O c. Cafilla has the comparative advantage in only dresses. O d. Bodoni has the comparative advantage in dresses and cheese. O e. Cafilla has the comparative advantage in dresses and cheese. D AssignmentMain.do?takeAssignmentSession Locator assignment-take,0896c4f4-0518-431a-b10a-1cd73a8289c4# Show -9 bike 2 bike jpg.jpg bike 2.jpg T ▬▬ 6:5 6/12/2 ➡+ prt so R % 5 L G B O Y I & 7 x 8 l J C IAA 00 M 9 K fio ► 11 O ENG S DFor each watch Marina produces, it gives up the opportunity to make 50 pounds of cheese. Cambria can produce one watch for every 100 pounds of cheese it produces. If specialization and trade were to occur betwee these two countries, which of the following is true with regard to opportunity costs in the two countries? O a. The opportunity cost of producing cheese is higher in Marina than Cambria. O b. The opportunity cost of producing cheese is identical in both countries. O c. In both countries combined, the opportunity cost of one watch is 150 pounds of cheese. Od. The opportunity cost of producing watches is lower in Cambria than Marina. Oe. The opportunity cost of producing watches is higher in Marina than Cambria.Time le If in a previously fully employed economy, some workers were to become unemployed, how would you show this change on the production possibility frontier? Select one: O a. The PPF would shift outward. O b. The PPF would shift inward. O c. The PPF would pivot inwards O d. The PPF would pivot outwards O e. The point representing output on the PPF would shift inside the line. Next
- According to the law of comparative advantage, O a individuals and nations gain when they specialize in producing those goods they consume. Ob individuals and nations gain when they specialize in producing goods they can produce at a high opportunity cost and can exchange for other desired goods they can produce cheaply. individuals and nations gain when they specialize in producing those items for which they are the low opportunity cost producers and De exchange for other desired goods they can't produce as cheaply. O d. all of the above are true.What happens if a country produces a combination of goods that efficiently uses all of the resources available in the economy? 100- O A. The country has eliminated scarcity. O B. The country is maximizing its opportunity cost. A 80- c. The country is operating on its production possibilities frontier. B G O D. All of the above occur if a country uses all available resources. 60- Refer to the graph to the right. What is the opportunity cost of moving from point B to point C? 40- O A. 40 sedans 30 F **... O B. 40 SUVS D 20- O C. 20 sedans O D. 20 SUVS 10 50 E 20 40 60 80 100 Quantity of SUVS produced per day Quantity of sedans produced per dayThe consumption possibilities frontier shows O a. a nation's opportunity cost of producing different goods for consumption. O b. possible mbinations of goods that residents of a nation consume at different income levels. O c. a nation's possible combinations of how much of one good exchanges for another. O d. the difference between the most that consumers would pay for a good and the actual amount they pay. possible combinations of goods available as a result of specialization and exchange. O e. a nation's bike 2 A H bike 2.jpg bike jpg.jpg * H a 5 6 & 7 + 00 8 f10 Save
- Which is NOT TRUE regarding the diffusion of the printing press and printed books in Europe? O It helped the free exchange of ideas. O It helped facilitate the Italian Renaissance. It increased the importance of clergy in the production of knowledge, since they owned the presses. It helped destabilize traditional society. O Printing brought literacy to adults, especially males as female literacy lagged far behind.Which of the following statements are normative and which are positive? 1. When the inflation rate rises, the unemployment rate falls. 2. We ought to drive our cars less and take public transportation more. 3. Goldfish are the best pets for children. 4. Sweatshop labour in third-world countries does not help those economies grow. O A. statements 1 and 4 are positive, statements 2 and 3 are normative O B. statements 1 and 2 are positive, statements 3 and 4 are normative OC. statements 3 and 4 are positive, statements 1 and 2 are normative D. statements 2 and 3 are positive, statements 1 and 4 are normativeWhat is the connection, if any, between comparative advantage (CA) and foreign direct investment (FDI)? O Countries often engage in FDI in industries where the country they invest in has a comparative advantage. O When a country's firms invest abroad, this helps to create CA in the same industry in the country where they undertake the investment. O When a country's firms invest abroad, this helps to create CA in the same industry at home. O CA has nothing to do with FDI.
- In theory of comparative advantage, which statement is correct O a a country should produce all product in which it is efficient O b. a country should produce all goods to cater its domestic demand Oo a country should only produce those goods in which it is more efficient than other goods Kd a country should produce all products it can exportWhich of the following is NOT a benefit from trade? O a. the ability to specialize O b. an increase in the variety of goods and services available O c. reduced competition O d. lower pricesWhich one of the following is a Normative statement? O a. Popcom and chocolates are sold in movie theatres O b. Chocolates are more expensive than newspapers Oc The price of chocolate is $1.25 each Od. You should eat less chocolate Which of the following is a Normative statement? O a. The unemployment rate is too high O b. 40% of the public believes that the unemployment rate is too high Oc The unemployment rate increased last month Od. All of these
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