When an economy is operating on its production possibilities ...

[rosent76]

When an economy is operating on its production possibilities curve, more production of one good means less production of another because:
 a. resources are limited.
  b. resources are not perfectly adaptable to alternative uses.
  c. wants are limited.
  d. wants are unlimited.
  e. some resources are not employed.

Question 2

When a person possesses a comparative advantage in the production of one good or service, it:
 a. means that the person's opportunity cost of producing that good or service is higher than for that of other goods.
  b. discourages specialization.
 c. promotes greater self-sufficiency.
 d. permits gains from trade to be realized due to a more efficient use of resources.

[phuda]

Answer to Question 1

a

Answer to Question 2

d

[rosent76]

Gracias!

[bigcheese9]

TYSM