Which of the following statements is true? A) The law of increasing opportunity costs assumes that all people have the same ability to produce goods. B) In a world of efficiently used scarce resources, more of one good necessarily means less of some other goods. C) Efficiency implies that it is possible to get more of one good without getting less of another. D) Even if a country has unemployed resources, it can still be operating on its production possibilities frontier. 11) Which of the following would not lead to a shift in the demand curve for apples? a) an increase in the price of oranges b) a decrease in incomes for consumers c) a decrease in the price of apples d) an increased preference for apples
Which of the following statements is true?
A) The law of increasing
B) In a world of efficiently used scarce resources, more of one good necessarily means less of some other goods. C) Efficiency implies that it is possible to get more of one good without getting less of another.
D) Even if a country has
11) Which of the following would not lead to a shift in the
a) an increase in the
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