Transcription of Chapter 2 The Economic Problem MULTIPLE CHOICE. Choose …
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Chapter 2 The Economic Problem MULTIPLE CHOICE. Choose …
Chapter 2 The Economic Problem Test Bank MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The production possibilities frontier 1). A) refers to the technology used in such goods as computers and military aircraft. B) marks the boundary between attainable combinations of goods and services and unattainable combinations. C) once applied to technology but now refers to Japanese technology. D) is also called the supply curve. 2) The production possibilities frontier is the boundary between 2). A) those combinations of goods and services that can be produced and those that can be consumed. B) those combinations of goods and services that can be produced and those that cannot. C) those resources that are limited and those that are unlimited. D) those wants that are limited and those that are unlimited. 3) The production possibilities frontier is the boundary between those combination of goods and 3).
Chapter 2 The Economic Problem Test Bank MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
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