The diagram below shows two production possibilities boundaries for Country X.
FIGURE 1-4
-Refer to Figure 1-4.If Country X were producing at point C,
A)the opportunity cost of moving to point B is to give up some consumption goods.
B)the opportunity cost of moving to point A is zero.
C)the opportunity cost of moving to point A is to give up some capital goods.
D)this is the maximum output possible from given resources.
E)it is not possible to move to any point on PPB1 or PPB2 without technological progress.

Question

The diagram below shows two production possibilities boundaries for Country X.
  FIGURE 1-4
-Refer to Figure 1-4.If Country X were producing at point C,
A)the opportunity cost of moving to point B is to give up some consumption goods. 
B)the opportunity cost of moving to point A is zero. 
C)the opportunity cost of moving to point A is to give up some capital goods. 
D)this is the maximum output possible from given resources. 
E)it is not possible to move to any point on PPB1 or PPB2 without technological progress.

Quizplus · Accepted Answer

The Answer of The diagram below shows two production possibilities boundaries for Country X.
  FIGURE 1-4
-Refer to Figure 1-4.If Country X were producing at point C,
A)the opportunity cost of moving to point B is to give up some consumption goods. 
B)the opportunity cost of moving to point A is zero. 
C)the opportunity cost of moving to point A is to give up some capital goods. 
D)this is the maximum output possible from given resources. 
E)it is not possible to move to any point on PPB1 or PPB2 without technological progress.

The Diagram Below Shows Two Production Possibilities Boundaries for Country