Homework 1 part 3 - 31 If a country is producing efficiently and is on the production possibilities frontier the only way to produce more of one good is

Homework 1 part 3 - 31 If a country is producing...

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31.If a country is producing efficiently and is on the production possibilities frontier, the only way to produce more of one good is to produce less of the other A) TrueB) False Table for Individual Question Feedback Points Earned: 0.0/2.0 Correct Answer(s): True 32.If a country produces only two goods, then it is not possible to have a comparative advantage in the production of both those goods A) TrueB) False Table for Individual Question Feedback Points Earned: 0.0/2.0 Correct Answer(s): True 33. Any output combination outside a production possibility frontier is associated with unused or underutilized resources A) True B) False Table for Individual Question Feedback Points Earned: 0.0/2.0 Correct Answer(s): False 34.An increase in the labor force shifts the production possibility frontier inwards over time A) TrueB) False Table for Individual Question Feedback Points Earned: 2.0/2.0 Correct Answer(s): False
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