Refer to the above diagram.Curve (a) is the current production possibilities frontier for the economy.Other things being equal, society's current choice of point P on curve (a) means:
A)more rapid economic growth compared to choosing point N.
B)a slower rate of economic growth compared to choosing point N.
C)the same rate of growth as would occur if point N were chosen.
D)it is unachievable because it exceeds the productive capacity of the economy.

Question

Refer to the above diagram.Curve (a) is the current production possibilities frontier for the economy.Other things being equal, society's current choice of point P on curve (a) means:
A)more rapid economic growth compared to choosing point N. 
B)a slower rate of economic growth compared to choosing point N. 
C)the same rate of growth as would occur if point N were chosen. 
D)it is unachievable because it exceeds the productive capacity of the economy.

Quizplus · Accepted Answer

The Answer of  Refer to the above diagram.Curve (a) is the current production possibilities frontier for the economy.Other things being equal, society's current choice of point P on curve (a) means:
A)more rapid economic growth compared to choosing point N. 
B)a slower rate of economic growth compared to choosing point N. 
C)the same rate of growth as would occur if point N were chosen. 
D)it is unachievable because it exceeds the productive capacity of the economy.

Refer to the Above Diagram