B) increases as one southeast along the curve. C) is constant as one moves down the curve. D) decreases as one moves southeast along the curve. 49. Assume an economy is incurring unemployment and failing to realize production. The effect of resolving these problems will be to: A) move the of actual output to the economy's production possibilities curve. B) create a less distribution of income. C) its production possibilities curve to the left. D) shift its production possibilities curve to the right. 50. In the figure above are two linear production possibilities curves for countries Alpha and Beta. We can conclude that: A) different value systems make it impossible to compare opportunity costs in the two countries. B) the opportunity cost of shelter is greater in Beta than it is in Alpha. C) the opportunity cost of food is greater in Alpha than it is in Beta. D) the opportunity cost of shelter is greater in Alpha than it is in Beta. 51. The process of producing and accumulating capital goods is called: A) money capital. B) depreciation. C) investment. D) consumption. 52. Which of the following is correct? A typical production possibilities curve: not A) indicates how much of two products a society can produce. B) reveals how much each additional unit of one product will cost in of the other product. C) specifies how much of each product society should produce. D) indicates that to produce more of one product society must forgo larger and larger amounts of the other product. 53. A country can achieve some combination of outside its production possibilities curve by: A) idling some of its resources. B) specializing and engaging in international trade. C) buying the debt (bonds and stocks) of foreign nations. D) producing more capital goods and fewer consumer goods. 54. A point inside a production possibilities curve best illustrates: A) unemployment. B) the efficient use of resources. C) the use of best-available technology. D) unlimited wants. Use the following to answer questions 55-59:
B) increases as one southeast along the curve. C) is constant as one moves down the curve. D) decreases as one moves southeast along the curve. 49. Assume an economy is incurring unemployment and failing to realize production. The effect of resolving these problems will be to: A) move the of actual output to the economy's production possibilities curve. B) create a less distribution of income. C) its production possibilities curve to the left. D) shift its production possibilities curve to the right. 50. In the figure above are two linear production possibilities curves for countries Alpha and Beta. We can conclude that: A) different value systems make it impossible to compare opportunity costs in the two countries. B) the opportunity cost of shelter is greater in Beta than it is in Alpha. C) the opportunity cost of food is greater in Alpha than it is in Beta. D) the opportunity cost of shelter is greater in Alpha than it is in Beta. 51. The process of producing and accumulating capital goods is called: A) money capital. B) depreciation. C) investment. D) consumption. 52. Which of the following is not correct? A typical production possibilities curve: A) indicates how much of two products a society can produce. B) reveals how much each additional unit of one product will cost in of the other product. C) specifies how much of each product society should produce. D) indicates that to produce more of one product society must forgo larger and larger amounts of the other product. 53. A country can achieve some combination of outside its production possibilities curve by: A) idling some of its resources. B) specializing and engaging in international trade. C) buying the debt (bonds and stocks) of foreign nations. D) producing more capital goods and fewer consumer goods. 54. A point inside a production possibilities curve best illustrates: A) unemployment. B) the efficient use of resources. C) the use of best-available technology. D) unlimited wants. Use the following to answer questions 55-59: