Consider a production possibility frontier with jeans on the vertical axis and shoes on the Horizontal axis. As a country moves along the frontier closer to the vertical axis,
A)inefficient production occurs.
B)the opportunity cost of producing jeans increases.
C)there are fewer tradeoffs.
D)the opportunity cost of producing shoes increases.
E)the opportunity cost of producing jeans decreases.

Question

Quizplus · Accepted Answer

As a country moves along the frontier closer to the vertical axis, the opportunity cost of producing jeans increases because more shoes must be given up to produce each additional pair of jeans.

Consider a Production Possibility Frontier with Jeans on the Vertical