Solved

Exhibit 2-17 Production Possibilities Curve

Question 86

Multiple Choice

Exhibit 2-17 Production possibilities curve Exhibit 2-17 Production possibilities curve   In Exhibit 2-17, if countries A and B currently have the same production possibilities curve (PPC)  as given in the figure, but this year country A locates at point A on its PPC and country B locates at point B on its PPC, then country A: A)  is more efficient than country B. B)  will grow at a faster rate than country B. C)  will grow at a slower rate than country B. D)  is producing more capital goods than country B.
In Exhibit 2-17, if countries A and B currently have the same production possibilities curve (PPC) as given in the figure, but this year country A locates at point A on its PPC and country B locates at point B on its PPC, then country A:


A) is more efficient than country B.
B) will grow at a faster rate than country B.
C) will grow at a slower rate than country B.
D) is producing more capital goods than country B.

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