Solved

​ -The Figure Below Shows the Production Possibilities Frontier for Capital

Question 118

Multiple Choice

​   -The figure below shows the production possibilities frontier for capital goods and consumption goods.Current production at _____ would lead to the largest outward shift in the production possibilities frontier in a later year _____. A) Point a;because this point represents a greater consumption level than point b B) Point b;because this point represents greater total production than the other two points C) Point c;because this point represents a greater consumption level than the other two points D) Point b;because this point represents greater production of capital than point c E) Point c;because this point represents greater production of capital than the other two points
-The figure below shows the production possibilities frontier for capital goods and consumption goods.Current production at _____ would lead to the largest outward shift in the production possibilities frontier in a later year _____.


A) Point a;because this point represents a greater consumption level than point b
B) Point b;because this point represents greater total production than the other two points
C) Point c;because this point represents a greater consumption level than the other two points
D) Point b;because this point represents greater production of capital than point c
E) Point c;because this point represents greater production of capital than the other two points

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents