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A] large and large amount of Y must be sacrificed. B] Smaller and Smaller amount

ID: 2507307 • Letter: A

Question

A] large and large amount of Y must be sacrificed.

B] Smaller and Smaller amount of Y must be sacrificed.

C] More Y will be produced.

D] the amount of resouces in the economy must be increased.

E] it can produce additional Y, but only a little bit.


[2] which of the following does not belong on an axis of a production possibilities frontier graph?

A]Bread

B] Wheat

C] Medical services

D] land

E]Air


[3] The division of labor refers to:

A]having each worker specialize in a separate task.

B] Separting worker by race.

C] letting everyone share in aspecific task.

D] letting each worker make a separate product from start to finish.

E] separating management from workers.

Explanation / Answer

More Y will be produced.

]Air

]having each worker specialize in a separate task.

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