Question
4)The production possibilities frontier will shift outward
a)if production occurs outside the production possibilities
frontier.
b)if resources are used to produce consumption goods.
c)if resources are not used in production.
d)if technological advances occur.
5)What does increasing marginal opportunity costs mean?
6)Suppose you win free tickets to a movie plus all you
can eat at the snack bar for free. Would there be a cost to you to
attend this movie?
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Question Description
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