Figure: Drums and Shoes 
Given the graph of the production possibilities frontier in the figure, which of the following statements is TRUE?
A) The country has 2 units of labor, and it takes 0.5 units of labor to produce 1 unit of either good.
B) The country has 3 units of labor, and it takes 1 unit of labor to produce 3 drums and 1 unit of labor to produce 3 1/3 pairs of shoes.
C) The country has 4 units of labor, and it takes 2 units of labor to produce 8 drums and 3 units of labor to produce 3 shoes.
D) The country has 5 units of labor, and it takes 1 unit of labor to produce 1.8 drums and 1 unit of labor to produce 2.5 shoes.
Correct Answer:
Verified
Q107: The _ shows all combinations of goods
Q108: Which of the following is NOT true
Q110: The slope of the production possibilities frontier
Q112: The fundamental idea behind the production possibilities
Q114: A production possibilities frontier shows:
A) the supply
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Figure: Coffee
Q120: When using a production possibilities frontier (PPF),
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Q132: Figure: United States Production Possibility Frontier
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