Multiple Choice
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The figure above shows the production possibilities frontier for a country. In order for it to move from producing at point A to producing at point B, the country would need to incur an opportunity cost of
A) 1 million SUVs.
B) 3 million compact cars.
C) 3 million SUVs.
D) 4 million SUVs.
E) 0 because the gain in compact cars exceeds the loss in SUVs.
Correct Answer:
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