Assuming the level of resources and technology are constant,if France decreases the size of its military,then:
A) Its' production possibilities curve will shift outward.
B) Its' production possibilities curve will shift inward.
C) Its' production of consumer goods can increase.
D) Its' production of consumer goods must decrease.
Correct Answer:
Verified
Q16: The concept of opportunity cost would become
Q17: Scarcity means:
A) Retail stores always run out
Q18: The primary concern of economics is the
Q19: Given that resources are scarce:
A) A "free
Q20: Societies must address the question of WHAT
Q22: Table 1.1 - Production possibilities and opportunity
Q23: Table 1.1 - Production possibilities and opportunity
Q24: Investment refers to all of the following
Q25: Figure 1.1 - Production Possibilities and Opportunity
Q26: The most desirable attainable mix of output
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