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

B.   of inefficiency

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

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

E.   comparative disadvantage

A.   diverting opportunity costs

B.   decreasing marginal opportunity costs

C.   increasing opportunity costs

D.   comparative complexity

E.   production possibility surpluses

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

E.   the production possibilities curve is becoming steeper

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

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

C.   labor increases efficiency

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

E.   opportunity costs are maximized.

A.   must be bowed outwards

B.   an indeterminate shape

C.   a straight line

D.   must be bowed inwards

E.   must be inverted

A.   relatively flat

B.   exponential

C.   a straight line

D.   extremely flat

E.   bowed outward

A.   attainable and inefficient

B.   attainable and deficient

C.   due to comparative advantage

D.   unattainable

E.   disentangled

A.   can occur when all resources are not being utilized

B.   can be attainable and complex

C.   can be due to comparative advantage

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

E.   can be attainable and efficient

A.   disequilibrium

B.   comparative advantage gains

C.   a productive capacity decline in one good

D.   a productivity capacity decline in both goods

E.   gains from trade

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

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

D.   There can be productivity gains in one sector.

E.   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.