�建 Microsoft Word �档

�建 Microsoft Word �档 - 1 Which of...

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1. Which of the following sayings best reflects the concept of opportunity cost? a. "You can't teach an old dog new tricks." b. "Time is money." c. "I have a baker's dozen." d. "There's no business like show business." 2. If an economy is operating at a point inside the production possibilities curve, a. its resources are being wasted. b. the curve will begin to shift inward. c. the curve will begin to shift outward. d. This is a trick question because an economy cannot produce at a point inside the curve. 3. The primary benefit that results when a nation employs its resources in accordance with the principle of comparative advantage is a. an expansion in capital investment resulting from a reallocation of resources away from consumption. b. a larger output resulting from a more efficient use of resources. c. greater equality of income resulting from an increase in the number of workers. d. an increase in the profitability of business enterprises resulting from an increase in capital formation. 4. The price of an airline ticket from Denver to Washington, D.C.,
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�建 Microsoft Word �档 - 1 Which of...

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