The diagram below shows two production possibilities boundaries for Country X. FIGURE 1- 3
-Refer to Figure 1- 3. If Country X were producing at point C,
A) it is not possible to move to any point on PPB1 or PPB2 without technological progress.
B) this is the maximum output possible from given resources.
C) the opportunity cost of moving to point A is to give up some capital goods.
D) the opportunity cost of moving to point B is to give up some consumption goods.
E) the opportunity cost of moving to point A is zero.

Question

The diagram below shows two production possibilities boundaries for Country X.  FIGURE 1- 3
-Refer to Figure 1- 3. If Country X were producing at point C,
A) it is not possible to move to any point on PPB1 or PPB2 without technological progress. 
B) this is the maximum output possible from given resources. 
C) the opportunity cost of moving to point A is to give up some capital goods. 
D) the opportunity cost of moving to point B is to give up some consumption goods. 
E) the opportunity cost of moving to point A is zero.

Quizplus · Accepted Answer

The Answer of The diagram below shows two production possibilities boundaries for Country X.  FIGURE 1- 3
-Refer to Figure 1- 3. If Country X were producing at point C,
A) it is not possible to move to any point on PPB1 or PPB2 without technological progress. 
B) this is the maximum output possible from given resources. 
C) the opportunity cost of moving to point A is to give up some capital goods. 
D) the opportunity cost of moving to point B is to give up some consumption goods. 
E) the opportunity cost of moving to point A is zero.

The Diagram Below Shows Two Production Possibilities Boundaries for Country