ECON8305docx (220).pdf - 254 iChapter i2u2014Choice...

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254. i Chapter i 2 Choice, i Opportunity i Costs, i and i Specialization i Quest111 i If i the i minimum i working i age i is i raised i from i 16 i to i 18, i the i PPC i will i shift i inward. *a. i True b. i False 255. i Chapter i 2 Choice, i Opportunity i Costs, i and i Specialization i Quest112 i If i there i is i a i technological i advance i that i makes i the i production i of i automobiles i more i efficient, i a i producer i of i automobiles i and i other i goods i will i move i from i a i point i on i its i PPC i to i a i point i outside i its i PPC, i but i a i shift i of i the i PPC i will i not i occur. a. i True *b. i False 256. i Chapter i 2 Choice, i Opportunity i Costs, i and i Specialization i Quest113 i Economic i growth i is i represented i by i shifting i PCC i outward. *a. i True b. i False 257. i Chapter i 2 Choice, i Opportunity i Costs, i and i Specialization i Quest114 i The i concepts i of i scarcity i and i law i of i increasing i cost i can i not i be i derived i from i PCC. a. i True *b. i False 258. i Chapter i 2 Choice, i Opportunity i Costs, i and i Specialization

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