Consider a production possibility frontier with jeans on the vertical axis and shoes on the horizontal axis.As the country moves along the frontier closer to the horizontal axis,
A)more tradeoffs occur.
B)more shoes are produced.
C)more jeans are produced.
D)the country eventually chooses an unattainable point.
E)free lunches occur.

Question

Quizplus · Accepted Answer

As the country moves along the production possibility frontier closer to the horizontal axis, it produces more shoes, which are represented on the horizontal axis.

Consider a Production Possibility Frontier with Jeans on the Vertical