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Author Question: In order for Ireland to grow more potatoes, wool production must decrease. This situation is an ... (Read 77 times)

jace

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  • Posts: 541
on: Jun 29, 2018
In order for Ireland to grow more potatoes, wool production must decrease. This situation is an example of
 
  A) opportunity benefit.
  B) a tradeoff.
  C) zero opportunity cost.
  D) producing at a point that lies beyond the PPF.
  E) a free lunch.

Question 2

The theory that suggests that our unlimited wants will lead to perpetual economic growth is the
 
  A) classical growth theory.
  B) old growth theory.
  C) sustained growth theory.
  D) Malthusian growth theory.
  E) new growth theory.


bobsmith

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

E


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