QUESTION 20Which af the fallawing is not an illustration of the notion of opportunity costO A. The production of more military goods means fewer resources are available for civilian goods.O B. The land a Kansas farmer plants in wheat is not available for corn production.OCIFI buy a pizza, I will not be able to afford a mavie.O D.A growing economy can produce more consumer goods and mare capital goods at the same time.QUESTION 21The diagram below shows the market for apples. Which of the following events might have caused the shift in the supply curve from S to S2PeeOA.A sludy showing new health benelits af apples is published in the Washington PastO B. Orchad productivty increases due to a new fertiliserOC Orchard productivity decdines due to draughtO D. None af the aboveQUESTION 22When we study economics the objective is to learn:O A. how to allocate unlimited resources to satisly unlimited wantsO B. how to allocate unlimited resources to satisfy limited usesO C. how to allocate limited resources to satisfy unlimited wantsO D.how tp allocate limited resources to satisfy limited wants

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QUESTION 20 Which of the fallawing is not an illustration of the notion of opportunity cost O A. The production of more military goods means fewer resources are available for civilian goods. O B. The land a Kansas farmer plants in wheat is not available for corn production. OCIFI buy a pizza, I will not be able to afford a mavie. O DA growing economy can produce more consumer goods and more capital goods at the same time.

QUESTION 20 Which of the fallawing is not an illustration of the notion of opportunity cost O A. The production of more military goods means fewer resources are available for civilian goods. O B. The land a Kansas farmer plants in wheat is not available for corn production. OCIFI buy a pizza, I will not be able to afford a mavie. O DA growing economy can produce more consumer goods and more capital goods at the same time.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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