A.   comparative disadvantage

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

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

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

E.   of inefficiency

A.   comparative complexity

B.   increasing opportunity costs

C.   diverting opportunity costs

D.   decreasing marginal opportunity costs

E.   production possibility surpluses

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

B.   the production possibilities curve is becoming steeper

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

D.   the production possibilities curve shifted inwards

E.   the economy is violating the law of increasing costs

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

B.   labor increases efficiency

C.   opportunity costs are maximized.

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

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

A.   must be bowed outwards

B.   a straight line

C.   an indeterminate shape

D.   must be bowed inwards

E.   must be inverted

A.   bowed outward

B.   exponential

C.   extremely flat

D.   a straight line

E.   relatively flat

A.   disentangled

B.   attainable and inefficient

C.   unattainable

D.   due to comparative advantage

E.   attainable and deficient

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

B.   can occur when all resources are not being utilized

C.   can be attainable and complex

D.   can be attainable and efficient

E.   can be due to comparative advantage

A.   comparative advantage gains

B.   a productivity capacity decline in both goods

C.   disequilibrium

D.   gains from trade

E.   a productive capacity decline in one good

A.   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.

B.   There can be productivity gains in one sector.

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

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

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.