Assume that U.S.agricultural land is used either to raise cotton for clothing or to grow wheat.Agricultural researchers develop a new wheat hybrid that is more resistant to drought and insects.What effect will this have on the production possibilities frontier for cotton and wheat?
A) maximum possible production of both cotton and wheat will rise
B) maximum possible production of cotton will rise;maximum possible production of wheat will not change
C) maximum possible production of wheat will rise;maximum possible production of cotton will not change
D) maximum possible production of cotton will rise;maximum possible production of wheat will fall
E) maximum possible production of wheat will rise;maximum possible production of cotton will fall
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Q17: The production possibilities frontier is useful for
Q18: The production possibilities frontier illustrates
A) the combinations
Q19: Which of the following could lead to
Q20: If capital is not being used efficiently,an
Q21: When all resources used in production are
Q23: Along a society's production possibilities frontier,
A) the
Q24: Figure 2-3 Q25: According to the law of increasing opportunity Q26: Figure 2-8 Q27: Suppose that the country of Utopia produces
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