ECON8305docx (219).pdf - Given ia iproduction...

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Given i a i production i possibilities i curve i for i defense i goods i and i nondefense i goods, i if i a i nation i is i producing i at i a i point i inside i the i PPC, i then i it i is i possible i to i increase i production i of i defense i goods i without i sacrificing i production i of i nondefense i goods. *a. i True b. i False 248. i Chapter i 2 Choice, i Opportunity i Costs, i and i Specialization i Quest105 i If i a i new i labor-saving i technology i is i discovered, i the i PPC i shifts i inward. a. i True *b. i False 249. i Chapter i 2 Choice, i Opportunity i Costs, i and i Specialization i Quest106 i A i rightward i shift i of i the i PPC i might i be i caused i by i an i increase i in i the i general i level i of i education. *a. i True b. i False 250. i Chapter i 2 Choice, i Opportunity i Costs, i and i Specialization i Quest107 i The i construction i of i a i PPC i does i not i require i that i the i economy's i resources i be i fully i and i efficiently i employed. a. i True *b. i False 251. i Chapter i 2 Choice, i Opportunity i Costs, i and i Specialization i Quest108

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