⊚ true
⊚ false
⊚ false
338) An economy cannot produce at a point outside of its production possibilities curve because human material wants are insatiable.
⊚ true
⊚ false
⊚ false
339) Although sleeping in on a workday or school day has an opportunity cost, sleeping late on the weekend does not.
⊚ true
⊚ false
⊚ false
340) Recessions are characterised by points that are not attainable on the production possibilities curve.
⊚ true
⊚ false
⊚ false
341) Refer to the production possibilities curves. The movement from curve (a) to curve (c) indicates an improvement in civilian goods technology but not in war goods technology.
![ch1_22_1_jpg.ext](file:///C:/Users/ADMINI~1/AppData/Local/Temp/msohtmlclip1/01/clip_image136.jpg)
![ch1_22_1_jpg.ext](file:///C:/Users/ADMINI~1/AppData/Local/Temp/msohtmlclip1/01/clip_image136.jpg)
⊚ true
⊚ false
⊚ false
342) The present choice of position on the production possibilities curve will not influence the future location of the curve.
⊚ true
⊚ false
⊚ false
Answer Key
Test name: McConnell16ceCh1
1) D
2) D
3) B
4) C
5) D
6) D
7) D
8) D
9) A
10) C
11) C
12) C
13) C
14) C
15) B
16) B
17) B
18) C
19) B
20) C
21) D
22) D
23) B
24) B
25) B
26) C
27) A
28) B
29) A
30) D
31) B
32) B
33) A
34) A
35) C
36) C
37) C
38) B
39) C
40) A
41) B
42) C
43) C
44) A
45) B
46) A
47) C
48) B
49) A
50) D
51) C
52) C
53) D
54) C
55) B
56) D
57) B
58) B