The concept of opportunity cost is illustrated by:
a. a movement from the interior of the production possibilities curve to the frontier
b. a movement from the production possibilities curve to its interior.
c. a movement from a point on the production possibilities curve to the northeast.
d. a movement along the production possibilities curve, as production of one good falls in order to increase production of another.
d
Economics
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Refer to Figure 9-3. If there was no quota, how many pounds of peanuts would domestic consumers purchase?
A) 10 million B) 28 million C) 34 million D) 40 million
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The cumulative total of the federal government's budget deficits has been greater than the total of its surpluses
a. True b. False
Economics