A.   comparative disadvantage

B.   where 90 percent of the economy is devoted to producing that good

C.   of inefficiency

D.   where 150 percent of the economy is devoted to producing that good

E.   where 100 percent of the economy is devoted to producing that good

A.   increasing opportunity costs

B.   production possibility surpluses

C.   decreasing marginal opportunity costs

D.   comparative complexity

E.   diverting opportunity costs

A.   the production possibilities curve shifted inwards

B.   resources that are better suited towards glass production are being converted from the iron sector

C.   the economy is violating the law of increasing costs

D.   the production possibilities curve is becoming steeper

E.   resources that are better suited towards iron production are being converted from the glass sector

A.   all resources are equally effective in the production of all goods

B.   opportunity costs are maximized.

C.   some resources, people, firms, and nations are more efficient at producing certain goods/services than alternative goods/services.

D.   specialization and the division of labor help markets function more effectively

E.   labor increases efficiency

A.   an indeterminate shape

B.   must be inverted

C.   a straight line

D.   must be bowed inwards

E.   must be bowed outwards

A.   extremely flat

B.   relatively flat

C.   a straight line

D.   exponential

E.   bowed outward

A.   disentangled

B.   due to comparative advantage

C.   unattainable

D.   attainable and deficient

E.   attainable and inefficient

A.   can be attainable and complex

B.   can occur when the maximum amount of production possible is taking place

C.   can be attainable and efficient

D.   can be due to comparative advantage

E.   can occur when all resources are not being utilized

A.   a productivity capacity decline in both goods

B.   a productive capacity decline in one good

C.   gains from trade

D.   comparative advantage gains

E.   disequilibrium

A.   A financial bubble an occur that causes production to be greater than predicted.

B.   All of the resources might not be able to transferred between the sectors in an economy.  This will effectively leave some resources to remain idle.

C.   All of the resources will be transferred between the sectors in an economy.  This will effectively leave some resources to remain idle. This can cause productivity declines in the short-term.

D.   There can be productivity gains in one sector.

E.   Countries won't necessarily produce what they have comparative advantage in.