The following economy produces two products. Refer to the above table.A change from possibility C to B means that:
A) 1 unit of steel is given up to get 75 units of wheat.
B) 2 units of steel are given up to get 75 units of wheat.
C) 1 unit of steel is given up to get 15 more units of wheat.
D) 2 units of steel are given up to get 15 more units of wheat.

Question

The following economy produces two products.  Refer to the above table.A change from possibility C to B means that:
A) 1 unit of steel is given up to get 75 units of wheat. 
B) 2 units of steel are given up to get 75 units of wheat. 
C) 1 unit of steel is given up to get 15 more units of wheat. 
D) 2 units of steel are given up to get 15 more units of wheat.

Quizplus · Accepted Answer

The Answer of The following economy produces two products.  Refer to the above table.A change from possibility C to B means that:
A) 1 unit of steel is given up to get 75 units of wheat. 
B) 2 units of steel are given up to get 75 units of wheat. 
C) 1 unit of steel is given up to get 15 more units of wheat. 
D) 2 units of steel are given up to get 15 more units of wheat.

The Following Economy Produces Two Products