Exhibit 2-19  Production Possibilities Curves in Exhibit 2-19, the Production

Exhibit 2-19  Production possibilities curves In Exhibit 2-19, the production possibilities curves for a country are shown for the years Year X and Year Y. Suppose this country was located at point A in Year X and point B in Year Y. This economy:

A) has lower unemployment in Year Y than in Year X.
B) was more efficient in Year X than in Year Y.
C) achieved full employment in Year X and in Year Y.
D) showed no growth between Year X and Year Y.
E) is worse off in Year Y than in Year X.