Homework SourseUse the table for the questions below In the table above the
Use the table for the question(s) below.
In the table above, the opportunity cost of vaccines
If the economy is currently producing at a point inside its Production Possibilities Frontier,
Increases in the capital stock or improvements in technology may cause
Productive efficiency requires that a nation produce
| Combination | A | B | C | D | E | F | G |
| Vaccine doses (millions) | 6 | 5 | 4 | 3 | 2 | 1 | 0 |
| Guns | 0 | 10,000 | 19,000 | 24,000 | 28,000 | 30,000 | 31,000 |
Solution
Use the table for the question(s) below.
Combination
A
B
C
D
E
F
G
Vaccine doses (millions)
6
5
4
3
2
1
0
Guns
0
10,000
19,000
24,000
28,000
30,000
31,000
In the table above, the opportunity cost of vaccines
Correct Answer:- increases as more vaccines are produced
Answer:- If the economy is currently producing at a point inside its Production Possibilities Frontier,
Correct Answer:- production can increase if resources are used more efficiently.
Answer:- Increases in the capital stock or improvements in technology may cause
Correct Answer:- both an outward shift in the frontier and a change in the overall slope of the Production Possibilities Frontier, if the change more greatly improves one type of production than the other.
Answer:- Productive efficiency requires that a nation produce
Correct Answer:-
at any point on its Production Possibilities Frontier.
| Combination | A | B | C | D | E | F | G |
| Vaccine doses (millions) | 6 | 5 | 4 | 3 | 2 | 1 | 0 |
| Guns | 0 | 10,000 | 19,000 | 24,000 | 28,000 | 30,000 | 31,000 |
