Refer to the above production possibilities curves.Curve (a)is the current curve for the economy.Other things being equal,society's current choice of point P on curve (a)will:
A) allow it to achieve more rapid economic growth than would the choice of point N.
B) entail a slower rate of economic growth than would the choice of point N.
C) entail the same rate of growth as would the choice of point N.
D) be unobtainable because it exceeds the productive capacity of the economy.

Question

Refer to the above production possibilities curves.Curve (a)is the current curve for the economy.Other things being equal,society's current choice of point P on curve (a)will:
A) allow it to achieve more rapid economic growth than would the choice of point N. 
B) entail a slower rate of economic growth than would the choice of point N. 
C) entail the same rate of growth as would the choice of point N. 
D) be unobtainable because it exceeds the productive capacity of the economy.

Quizplus · Accepted Answer

The Answer of  Refer to the above production possibilities curves.Curve (a)is the current curve for the economy.Other things being equal,society's current choice of point P on curve (a)will:
A) allow it to achieve more rapid economic growth than would the choice of point N. 
B) entail a slower rate of economic growth than would the choice of point N. 
C) entail the same rate of growth as would the choice of point N. 
D) be unobtainable because it exceeds the productive capacity of the economy.

Refer to the Above Production Possibilities Curves