Figure 3-3
In Figure 3-3, a shift from A to B seems most consistent with which of the following scenarios?
A) Society has decided to give guns lower priority.
B) Technological advances have been greater for guns than for butter.
C) The society has experienced a massive immigration of labor.
D) There are unemployed resources in the production of both guns and butter.
Correct Answer:
Verified
Q190: Figure 3-2 Q202: What would be the opportunity cost of Q207: Figure 3-5 Q207: Is faster economic growth unambiguously better? Q211: Which of the following does not determine Q212: Opportunity costs exist for Q213: Which of the following events create an Q217: In order to make an optimal choice, Q219: Which of the following characteristics of a Q220: What is the opportunity cost of economic
A)No, because
A)households but not businesses
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