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sestion 11 As more of a good, such as television sets, is produced, the opportunity costs of producing it increases. This mos
Question 12 During the Iraq War, many of Iraqs oil refineries were totally destroyed. This would best be represented by a mo
Question 13 Consider two countries, Japan and Malaysia Japan devotes a smaller portion of its production to capital. All othe
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Answer #1

11. Resources are not equally well suited to producing all goods....... - is correct

12. Shift of iraq's production Possibility frontier towards the origin.

13. Malaysia's production possibility frontier will shift up and out farther out and faster than Japan's.

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