Question :
231.RefertoFigure2-13.WhichofthefollowingstatementsistrueaboutpointGforthiseconomy?
a.PointGiscurrentlyunattainable.
b.PointGisefficient.
c.AtpointG,morecakesareproducedthan : 1261912
231.RefertoFigure2-13.WhichofthefollowingstatementsistrueaboutpointGforthiseconomy?
a.PointGiscurrentlyunattainable.
b.PointGisefficient.
c.AtpointG,morecakesareproducedthancookies.
d.ThereisunemploymentatpointG.
232.RefertoFigure2-13.Whichpointsarenotcurrentlyattainablebutcouldbecomeachievableforthiseconomyifthereisanimprovementintechnology?
a.I,L
b.G,H
c.J,K
d.F,G
233.RefertoFigure2-13.OnedifferencebetweenpointsFandGisthat
a.PointGisunattainablewithcurrentresources,butpointFisattainable.
b.AllresourcesarefullyemployedatpointFbutthereisunemploymentatpointG.
c.MoreoutputcanbeproducedatpointFbutnoadditionaloutputcanbeproducedatpointG.
d.ThiseconomyproducesmorecookiesatpointGthanatpointF.
Table2-5
Corn(inbushels)
Wheat(inbushels)
2000
0
1600
700
1200
1300
800
1800
400
2200
0
2500
234.RefertoTable2-5.Table2-5showsonesetofproductionpossibilities.Whatistheopportunitycostofincreasingtheproductionofcornfrom400bushelsto800bushels?
a.200bushelsofwheat
b.400bushelsofwheat
c.600bushelsofwheat
d.800bushelsofwheat
235.RefertoTable2-5.Table2-5showsonesetofproductionpossibilities.Whatistheopportunitycostofanincreaseintheproductionofwheatfrom700bushelsto1300bushels?
a.800bushelsofcorn
b.600bushelsofcorn
c.400bushelsofcorn
d.400bushelsofwheat
236.RefertoTable2-5.Table2-5showsonesetofproductionpossibilities.Whichofthefollowingstatementsiscorrect?
a.Theopportunitycostofabushelofcorndoesnotdependonhowmanybushelsofwheatarebeingproduced.
b.Theopportunitycostofabushelofcornincreasesasmorecornisproduced.
c.Theopportunitycostofabushelofcorndecreasesasmorecornisproduced.
d.Theopportunitycostofabushelofwheatdecreasesasmorewheatisproduced.
237.RefertoTable2-5.Table2-5showsonesetofproductionpossibilities.Basedonthevaluesinthetable,theproductionpossibilitiesfrontieris
a.bowedoutwardindicatingincreasingopportunitycosts.
b.bowedoutwardindicatingdecreasingopportunitycosts.
c.astraightlineindicatingconstantopportunitycosts.
d.bowedinwardindicatingincreasingopportunitycosts.
238.RefertoTable2-5.Table2-5showsonesetofproductionpossibilities.Whichofthefollowingcombinationsofcornandwheatisnotcurrentlyattainablebutwouldbeattainableiftherewasanimprovementinoverallproductiontechnology?
a.1600bushelsofcornand300bushelsofwheat
b.1400bushelsofcornand800bushelsofwheat
c.1000bushelsofcornand2000bushelsofwheat
d.600bushelsofcornand1800bushelsofwheat
239.Homeisacountrythatproducestwogoods,pearsandcellularphones.Lastyear,Homeproduced450bushelsofpearsand1050cellularphones.Thisyearitproduced450bushelsofpearsand2000cellularphones.Givennootherinformation,whichofthefollowingeventscouldexplainthischange?
a.Homeexperiencedincreasedunemployment.
b.Homeexperiencedadeclineinpear-producingtechnology.
c.Homeexperiencedanimprovementincellularphone-makingtechnology.
d.Homeexperiencedareductioninresources.
240.Indiadeshisacountrythatproducestwogoods,textilesandcomputers.Lastyear,Indiadeshproduced50,000textilesand1300computers.Thisyearitproduced45,000textilesand1100computers.Givennofurtherinformation,whichofthefollowingeventscouldexplainthischange?
a.Indiadeshdecreasedunemployment.
b.Indiadeshexperiencedanimprovementintextile-makingtechnology.
c.Indiadeshexperiencedanimprovementincomputer-makingtechnology.
d.Indiadeshexperiencedareductioninresources.