* not completed

. If an economy is productively efficient:

Everyone is wealthy correct incorrect

Resources are unemployed correct incorrect

More of one product can only be produced if less of another product is produced correct incorrect

The distribution of income is equal correct incorrect

* not completed

. Economic growth can be shown by:

An inward shift of the production possibility frontier correct incorrect

A movement along the production possibility frontier correct incorrect

An outward shift of the production possibility frontier correct incorrect

A decision by the government to produce inside the production possibility frontier correct incorrect

* not completed

. As resources are shifted from one industry to another this can be shown by:

An inward shift of the production possibility frontier correct incorrect

A movement along the production possibility frontier correct incorrect

An outward shift of the production possibility frontier correct incorrect

A movement of the production possibility frontier towards the origin correct incorrect

* not completed

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

Market forces of supply and demand correct incorrect

The government correct incorrect

The law correct incorrect

The public sector correct incorrect

* not completed

. If an economy moves from producing 10 units of A and 4 units of B to producing 7 As and 5Bs, the opportunity cost of the 5^th B is:

7As correct incorrect

10As correct incorrect

3As correct incorrect

1A correct incorrect

* not completed

. An economy may operate outside the Production Possibility Frontier if:

It is not utilizing its resources fully correct incorrect

It is being productively efficient correct incorrect

It is a mixed economy correct incorrect

It is trading with other economies correct incorrect

* not completed

. The resources in the economy do not include:

Demand correct incorrect

Land correct incorrect

Labour correct incorrect

Capital correct incorrect

* not completed

. The resources in an economy are:

Constantly increasing correct incorrect

Fixed at any moment correct incorrect

Constantly decreasing correct incorrect

Able to be transferred easily between industries correct incorrect

* not completed

. Any combination of products inside the production possibility frontier is:

Allocatively inefficient correct incorrect

X inefficient correct incorrect

Consumer inefficient correct incorrect

Productively inefficient correct incorrect

* not completed

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

An increase in demand correct incorrect

Less government spending correct incorrect

Better training of employees correct incorrect

Productive inefficiency correct incorrect