Some time ago the government of China required many highly skilled technicians and scientists to engage in unskilled agricultural labour in order to develop "proper social attitudes." This policy probably caused China to produce
A) inside its production possibilities frontier with respect to food, but outside with respect to high- technology goods.
B) inside its production possibilities frontier.
C) outside its production possibilities frontier with respect to food, but inside with respect to high- technology goods.
D) at an inappropriate point along its production possibilities frontier.
Correct Answer:
Verified
Q19: The production possibilities frontier itself illustrates
A)all goods
Q20: Which of the following statements regarding the
Q21: Production efficiency occurs when production
A)is on the
Q22: A tradeoff is
A)a transaction at a price
Q23: Resource use is allocatively efficient when
A)we produce
Q25: If an economy is operating at a
Q26: Homer and Teddy are stranded on a
Q27: Suppose Joe can prepare 20 sandwiches or
Q28: According to the principle of comparative advantage,
Q29: ![]()
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