Solved > 7) If a country’s production possibilities curve gets:1916129 …

7) If a country’s production possibilities curve gets more bowed out over time, it is an indication that

A) technological change has taken place.

B) society is learning to use its resources more efficiently.

C) the quantity of labor and capital have increased.

D) resources have become more highly specialized.

8) Generally, specialization leads to

A) constant opportunity costs.

B) greater productivity.

C) the production of fewer capital goods.

D) greater self-reliance.

9) Specialization and the division of labor typically result in

A) cost overruns.

B) increased output.

C) decreased output.

D) a greater reliance upon imports.

10) Absolute advantage is

A) producing at a lower opportunity cost.

B) producing a good using the fewest inputs.

C) producing a good only when demand is high.

D) producing a good that requires imported components.

11) A person has a comparative advantage in an activity whenever she

A) has an absolute advantage in the activity.

B) can perform the activity at a lower opportunity cost than another person can.

C) can do the activity in less time than anyone else.

D) can do everything better than anyone else.

12) Comparative advantage is always a(n) ________ concept.

A) absolute

B) efficiency

C) relative

D) monetary

13) Other things being equal, you can make $20,000 a year teaching, $25,000 a year typing, $30,000 a year driving a cab, and $40,000 a year as a chef. You have a comparative advantage in

A) teaching.

B) driving a cab.

C) being a chef.

D) one of them but we need more information to know which.

14) Comparative advantage implies choosing the activity that

A) has a high opportunity cost.

B) is inside the production possibilities frontier.

C) has the lowest opportunity cost.

D) does not demand any specialization.

15) If individual X has comparative advantage in painting and individual Y has comparative advantage in carpentry, then

A) individual X must use fewer hours to paint a fence than individual Y.

B) individual Y will specialize in painting.

C) there is a lower opportunity cost (expressed in units of carpentry) for individual X to paint than for individual Y to paint.

D) specialization will not occur, since each does not have a clear absolute advantage.

16) The ability to produce a good at a lower opportunity cost that others is known as

A) comparative advantage.

B) absolute advantage.

C) specialization.

D) marginal cost production. is an online academic writing platform that provides extensive assistance to graduate school students as they work through their research projects, papers and dissertations. gives students access to experienced professionals who can provide the help they need in a timely and efficient manner. The service offers a wide range of services, including editing, proofreading, formatting, researching and more that can give students the confidence they need to write the perfect paper or dissertation for their chosen subject matter.

Services Offered by offers a wealth of different services designed to make research projects easier for graduate school students. These include editing, proofreading, formatting and researching services, all tailored specifically for graduate-level studies such as PhDs or Master’s degrees in any field from business administration to engineering or even psychology – all with the aim of helping busy students find success in their academics without having to sacrifice other important commitments like family time or work hours towards earning a living wage outside of college hours.

The Benefits of Using
Using gives you access to experts from all over the world who are highly qualified and experienced in helping graduate-level students to complete successful projects in various fields quickly and efficiently – something that would otherwise be difficult, if not impossible, given tight deadlines associated with most Ph.D./Master’s degree programs today. Moreover, using this platform makes it easier for students to keep up with multiple research tasks simultaneously since there are so many different experts available on tap at any one time – no longer will you have to put off studying one topic while focusing on another because of lack of resources! Additionally, having access to professional editors, proofreaders, but also formatters means that quality control standards aren’t sacrificed when finishing major pieces – since these individuals understand what makes up good academic writing better than anyone else and can offer guidance on how best one should go about making improvements along those lines. Finally, there is also an added cost-saving benefit associated with utilizing Graduate Writer Help compared to hiring an independent contractor (which could potentially run into thousands depending on length/complexity).
This service allows users only pay for what students need, which tends to be much lower overall because customers pay per hour rather than project basis, thus resulting to greater financial flexibility, especially for those just starting out postgraduate studies looking to conserve some pennies here there whenever possible!

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?