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FIGURE 2-4 -Refer to Figure 2-4. If the Economy Chooses to Shift

Question 76

Multiple Choice

FIGURE 2-4
FIGURE 2-4    -Refer to Figure 2-4. If the economy chooses to shift more of its resources into clothing, what will it have to give up? A)  smaller and smaller amounts of food per unit of added clothing as the quantity of clothing produced increases B)  nothing, since food and clothing are not substitutes C)  larger and larger amounts of food per unit of added clothing as the quantity of clothing produced increases D)  relatively equal amounts of food per unit of added clothing as the quantity of clothing produced increases
-Refer to Figure 2-4. If the economy chooses to shift more of its resources into clothing, what will it have to give up?


A) smaller and smaller amounts of food per unit of added clothing as the quantity of clothing produced increases
B) nothing, since food and clothing are not substitutes
C) larger and larger amounts of food per unit of added clothing as the quantity of clothing produced increases
D) relatively equal amounts of food per unit of added clothing as the quantity of clothing produced increases

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