Questions of what to produce, how much to produce, and who will get the output must be faced by

The imposition of a quota ________ domestic production, ________ imports, and ________ domestic purchases

A) decreases; increases; decreases B) increases; decreases; increases C) increases; decreases; decreases D) decreases; decreases; decreases E) increases; increases; increases

If we move along a production possibilities curve and choose more of one type of good, the opportunity cost is measured in terms of the amount of the other good that is given up

Indicate whether the statement is true or false