Exhibit 1-7 -Refer to Exhibit 1-7. the Production Possibilities Curve Indicates That

Exhibit 1-7
-Refer to Exhibit 1-7. The production possibilities curve indicates that

A) it is possible to produce more of one good without sacrificing some of the other good only if production occurs at a point inside the production possibilities curve.
B) Good X is an input in the production of Good Y.
C) producing an additional unit of Good X requires producing an additional unit of Good Y.
D) more resources exist than the economy can efficiently use.
E) the economy is experiencing decreasing opportunity costs.