Figure 2-5 ?’??? 100 90 C 80 70 60 50 D JB 40 30 20 10 10 20 30 40 50 60 70 80…

Refer to Figure 2-5. If this economy devotes all of its resources to the production of dryers, then it will produce:
0 dryers and 100 washers.
80 dryers and 50 washers.
80 dryers and 0 washers.
60 dryers and 50 washers.
Refer to Figure 2-5. It is not possible for this economy to produce at point B.
Refer to Figure 2-4. This economy has the ability to produce at which point(s)?
Q, R, T
O, R, U
O, R, T, U
Refer to Figure 2-4. This economy cannot produce at which point(s)?
Q
Q, S, T
Q, S
Refer to Figure 2-4. Efficient production is represented by which point(s)?
O, R, T, U
Q, R, U
O, R, U
S, T
Refer to Figure 2-4. Inefficient production is represented by which point(s)?
O, Q, S
Q, S, T
R, U
O, T
Refer to Figure 2-4. Unemployment could cause this economy to produce at which point(s)?
Q, S
O, T
O, R, U
O, Q, S, T
Refer to Figure 2-5. If this economy devotes all of its resources to the production of dryers, then it will produce:
0 dryers and 100 washers.
80 dryers and 50 washers.
80 dryers and 0 washers.
60 dryers and 50 washers.
Table 2-4 Production Possibilities for Picnicland
Hotdogs
Burguers
1 800 0 1350 450 900 750 450 975 10 1125
Refer to Table 2-4. What is the opportunity cost to Picnicland of increasing the production of hotdogs from 450 to 900?
450 burgers
150 burgers
225 burgers
300 burgers
Table 2-4 Production Possibilities for Picnicland
Hotdogs
Burguers
1 800 1350 450 1900 750 150 75 10 1125
Refer to Table 2-4. What is the opportunity cost to Picnicland of increasing the production of burgers from 450 to 750?
225 hotdogs
150 hotdogs
450 hotdogs
300 hotdogs