Which of the following is not true about the Production Possibility Curve? a) An inefficient use of the country's productive resources will shift in the PPC b) Changes in the quantity of productive resources will shift the PPC c) Assuming all productive resources are being used fully and efficiently, if resources are shifted from one good to another there will be move PPC d) An increase in the general level of technology will shift out the PPC 2 Given the following table, what is the opportunity cost of the 5th hat? Boots Hats 50 0 46 1 41 2 35 3 27 4 17 5 0 6
Which of the following is not true about the Production Possibility Curve? a) An inefficient use of the country's productive resources will shift in the PPC b) Changes in the quantity of productive resources will shift the PPC c) Assuming all productive resources are being used fully and efficiently, if resources are shifted from one good to another there will be move PPC d) An increase in the general level of technology will shift out the PPC 2 Given the following table, what is the opportunity cost of the 5th hat? Boots Hats 50 0 46 1 41 2 35 3 27 4 17 5 0 6
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 8SQ
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![1
Which of the following is not true about the Production Possibility Curve?
a) An inefficient use of the country's productive resources will shift in the PPC
b) Changes in the quantity of productive resources will shift the PPC
c) Assuming all productive resources are being used fully and efficiently, if resources are shifted from one good to another there will be movement along the
PPC
d) An increase in the general level of technology will shift out the PPC
2
Given the following table, what is the opportunity cost of the 5th hat?
Boots
Hats
a) 22 boots
b) 17 boots
c) 10 boots
d) 34 boots
e) 12 boots
50
0
46
1
41
2
35
3
27
4
17
5
0
6](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6fab3e5b-e466-47a9-be3a-daa0be1d54d3%2Fa5f63e5f-04f4-43d5-b6c7-1e54074ef7df%2Fd6zgp1_processed.png&w=3840&q=75)
Transcribed Image Text:1
Which of the following is not true about the Production Possibility Curve?
a) An inefficient use of the country's productive resources will shift in the PPC
b) Changes in the quantity of productive resources will shift the PPC
c) Assuming all productive resources are being used fully and efficiently, if resources are shifted from one good to another there will be movement along the
PPC
d) An increase in the general level of technology will shift out the PPC
2
Given the following table, what is the opportunity cost of the 5th hat?
Boots
Hats
a) 22 boots
b) 17 boots
c) 10 boots
d) 34 boots
e) 12 boots
50
0
46
1
41
2
35
3
27
4
17
5
0
6
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