(Answered) QUESTION 19e) Suppose that this country develops and obtains new technology that enables it to…

QUESTION 19e)
Suppose that this country develops and obtains new technology that enables it to produce 50 percent more cern at each level of missle production shown in the table. As a result of this new technology, the new production possibilities curve will lie Choose the answer that goes in the blank. the origin than the original one you graphed in part a.a. closer tob. farther fromc. the same distance fromd. none of the above answers correctly fill in the blank
closer to
farther from
the same distance from
none of the above answers correctly fill in the blank
QUESTION 2
Society will be at points inside the production possibilities curve when:
resources are not used efficiently
there is full employment of resources
per capita income is increasing
income is distributed equally to all
all of the above
QUESTION 38d)
Given the production possibilities curve provided by the data table in question 8 , what is the cost to this society if food output is increased from 12 to 16 million tons per year?
0
6 million tractors
6 million tons of food
4 million tractors
The exact amount can’t be determined.
QUESTION 49f)
Under the conditions described in part e, what is the cost of producing 4 missiles per year rather than 2 missiles per year?
12 million bushels
15 million bushels
3 missiles
3 million bushels
QUESTION 59d)
Measured in terms of corn, what is the cost of producing 4 missiles per year rather than 2 missiles per year?
10 million bushels
8 million bushels
2 million bushels
0 bushels
QUESTION 6
Given the data table provided in question 9 (and the production possibilities curve it gives rise to, the appropriate combination of reponses to this question is:
Note: Read the four questions included in question 9b (provided on your hardcopy) YERY carefulty:
No, No, No, Yes
Yes, Yes, No, Yes
No, Yes, No, Yes
Yes, No, Yes, No
QUESTION 7
If a nation’s production possibilities curve is shown as below (convex to the origin) the opportunity cost of an extra gun:
increases as more guns are produced
increases and then decreases as more guns are produced
decreases as more guns are produced
decreases and then increases as more guns are produced
remains constant as more guns are produced
QUESTION 88c)
Given the production possibilities curve indicated by the data table provided in question 8, suppose this society produces 20 million tons of food and 6 million tractors per year. Is it operating on the production possibilities curve?
Yes
No