Multiple Choice
-Refer to the production possibilities frontier in the figure above. Suppose a country is producing at point a. A movement to point ________ means that the country ________.
A) d; must give up 20 million capital goods
B) e; is not operating efficiently
C) d; gives up 10 million consumer goods
D) b; is producing at an inefficient point
Correct Answer:
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A) the
A) represented by a point