Consider the production possibilities curve for an economy ...

[cartlidgeashley]

Consider the production possibilities curve for an economy producing only two commodities wheat (represented on the X axis) and wine (represented on the Y axis). A movement up along the production possibilities curve PPC will imply:
 a. an increase in wheat production.
  b. an increase in both wheat and wine production.
  c. a decline in both wheat and wine production.
  d. an increase in wine production.
  e. no change in either wheat or wine production.

Question 2

If a country wanted to maximize the value of its output, each job should be carried out by the person who:
 a. has the highest opportunity cost.
 b. has a comparative advantage in that activity.
  c. can complete the particular job most rapidly.
  d. enjoys that job the least.

[lolol]

Answer to Question 1

d

Answer to Question 2

b

[cartlidgeashley]

Gracias!

[parshano]

Excellent