ALONG A PRODUCTION POSSIBILITIES CURVE, AN INCREASE IN THE PRODUCT...

94. - TEST BANK FOR ESSENTIALS OF ECONOMICS 3RD EDITION BY BRUE
TEST BANK FOR ESSENTIALS OF ECONOMICS 3RD EDITION BY BRUE
94. Along a production possibilities curve, an increase in the production of one type of good can be accomplished only by:→ decreasing the production of the other type of good.increasing the production of the other type of good.holding constant the production of the other type of good.decreasing the price of the other type of good. AACSB: AnalyticBlooms: RememberDifficulty: 1 EasyLearning Objective: 01-05 Apply production possibilities analysis; increasing opportunity costs; and economic growth.Multiple Choice Question Topic: Production possibilities model