Reference:
Figure SEQ Figure 1: Production Possibilities Frontier 
-Consider Figure 1.Which of the following would not apply to the economy facing this production possibilities frontier?
A) The opportunity cost of increasing consumer goods from four units to seven units is one unit of capital good.
B) The economy faces a trade-off when considering how to use scarce resources between the production goods of consumer goods and capital goods.
C) The economy faces constant opportunity costs for the trade-off between consumer goods and capital goods.
D) The graph illustrates the detail that resources suitable for the production of consumer goods are not equally suitable for the production of capital goods.
Correct Answer:
Verified
Q29: Draw a production possibilities frontier for two
Q30: Explain why the production possibilities frontier has
Q31: Reference:
Figure SEQ Figure 2: Production Possibilities Frontier
Q32: How is economic growth illustrated in a
Q33: Reference:
Figure SEQ Figure 2: Production Possibilities Frontier
Q34: Reference:
Table SEQ Table 3
Q36: Explain why specialization and trade increases a
Q38: Highly developed countries such as the United
Q39: Reference:
Figure SEQ Figure 2: Production Possibilities Frontier
Q439: How can a combination of goods be
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