The highest concentration ratio

Exhibit 2-8 Production possibilities curve data  A B C D E F Capital goods15 14 12 9 5   0 Consumer goods  0   2   4 6 8 10 As shown in Exhibit 2-8, the concept of increasing opportunity costs is reflected in the fact that:

A. the quantity of consumer goods produced can never be zero. B. the labor force in the economy is homogeneous. C. greater amounts of capital goods must be sacrificed to produce each additional 2 units of consumer goods. D. a graph of the production data is a downward-sloping straight line.

An economy in which people exchange goods and services in a market is called a:

A. socialist economy. B. market economy. C. centrally planned economy. D. command economy.