Use the following production possibilities curve.

-Which of the following statements is true?
A) There is no opportunity cost when going from point B to point C.
B) The economy cannot go from point B to point C because it is at full employment at point B.
C) The opportunity cost of going from point B to point C is the amount of good Y that must be given up.
D) The opportunity cost of going from point B to point C is the amount of good X that must be given up.

Question

Use the following production possibilities curve.

-Which of the following statements is true?
A) There is no opportunity cost when going from point B to point C. 
B) The economy cannot go from point B to point C because it is at full employment at point B. 
C) The opportunity cost of going from point B to point C is the amount of good Y that must be given up. 
D) The opportunity cost of going from point B to point C is the amount of good X that must be given up.

Quizplus · Accepted Answer

The Answer of Use the following production possibilities curve.

-Which of the following statements is true?
A) There is no opportunity cost when going from point B to point C. 
B) The economy cannot go from point B to point C because it is at full employment at point B. 
C) The opportunity cost of going from point B to point C is the amount of good Y that must be given up. 
D) The opportunity cost of going from point B to point C is the amount of good X that must be given up.

Use the Following Production Possibilities Curve