Any combination of products inside the production possibility frontier is ?

Related Mcqs:

1. If a country has a bowed out (concave to the origin) production possibility frontier then production is said to be subject to ?

   A. constant opportunity costs B. decreasing opportunity costs C. first increasing and then decreasing opportunity costs D. increasing opportunity costs...

2. An economy may operate outside the production possibility Frontier if ?

   A. It is not utilizing its resources fully B. It is being productively efficient C. It is a mixed economy D. It is trading other economies...

3. An outward shift of the production possibility frontier may be caused by ?

   A. An increase in demand B. More government spending C. Better training of employees D. Productive inefficiency...

4. If a country has a liner (downward sloping) production possibilities frontier, then production is said to be subjected to ?

   A. constant opportunity costs B. decreasing opportunity costs C. first increasing and then decreasing opportunity costs D. increasing opportunity costs...

5. Points on the production possibilities frontier are ?

   A. inefficient B. normative C. unattainable D. efficient...

6. Which of the following will not shift a country’s production possibilities frontier outward ?

   A. an advance in technology B. an increase in the labor force C. an increase in the capital stock D. a reduction in unemployment...

7. The production possibilities frontier refers to_______________?

   A. the amount of each commodity that can be produced given available resources B. unlimited production of one commodity C. limitless output of commodities D. none of the above...

8. In a free market the combination of products produced will be determined by ?

   A. Market forces of supply and demand B. The government C. The law D. The public Sector...

9. Possibility of negative events or changes in the business climate of country is called?

   A. Domestic risk B. Political risk C. National risk D. Country risk...

10. Which index combines measures of calorie availability (in relation to requirement) the growth of per capita daily energy supply food production food staples self-sufficiency, and variability of food production and consumption ?

    A. food sufficiency index B. food security index C. food self-intake index D. food growth index...