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In the 1980s, desktop publishing reduced the cost of producing books. Assuming no change in the cost of producing CDs, which of the shifts reflects this change in technology? A. I B. II C. III D. IV Ans: D AACSB: Reflective Thinking Bloom’s: Understand Difficulty: 02 Medium Learning Objective: 02-02 Topic: Comparative Advantage Feedback: When the cost of producing books is reduced, more books will be produced thus shifting the Y-axis up. The production of CDs will remain unchanged. Since the technological development will increase the production of books but not affect the production of CDs, the correct shift is IV. [Question] 50. Refer to the graph below.

Which of the shifts explains what would happen to the production possibility curve if restrictions were imposed on tuna fishing? A. I B. II C. III D. IV

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Test Bank for Economics 10th Colander  

Test Bank Economics 10th Edition Colander 2017 (Test Bank Download) (9781259193156) (1259193152). Instant access. All chapter are included....

Test Bank for Economics 10th Colander  

Test Bank Economics 10th Edition Colander 2017 (Test Bank Download) (9781259193156) (1259193152). Instant access. All chapter are included....