Which of the following conclusions may be drawn from the PPC above? A- Consumers value Good B twice as much as Good A. B-Good B is more expensive for consumers than Good A. C-Producers in this economy should specialize in Good B. D-There is an increasing opportunity cost for producing more of either good. E-Every unit of Good A costs 1 unit of Good B to produce. 2.A production possibility curve would ________ if the availability of an input decreased and would ________ if a lack of technology decreased production efficiency. A-shift outward; shift inward. B-not move; shift outward. C-not move; not move. D-shift outward; shift outward. E-shift inward; shift inward
1. Which of the following conclusions may be drawn from the PPC above?
A- Consumers value Good B twice as much as Good A. B-Good B is more expensive for consumers than Good A. C-Producers in this economy should specialize in Good B. D-There is an increasing
2.A
A-shift outward; shift inward. B-not move; shift outward. C-not move; not move.
D-shift outward; shift outward. E-shift inward; shift inward
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