FALSE
2 points
QUESTION 2
FALSE
2 points
QUESTION 3
Use this production possibilities graph to help you answer the following question.

Any intersection of points outside the frontier (line) on a production possibilities graph would show that the economy is…
growing due to an increase of resources.
decreasing due to a decrease of resources.
decreasing due to an increase in resources.
2 points
QUESTION 4
FALSE
2 points
QUESTION 5
FALSE
2 points
QUESTION 6
FALSE
2 points
QUESTION 7
FALSE
2 points
QUESTION 8
shortage
incentive
intersection
2 points
QUESTION 9
scarcity
efficiency
opportunity cost
2 points
QUESTION 10
FALSE