-Refer to the above diagram.Curve (a)is the current production possibilities frontier for the economy.Other things being equal,society's current choice of point P on curve (a)means:
A) more rapid economic growth compared to choosing point N.
B) a slower rate of economic growth compared to choosing point N.
C) the same rate of growth as would occur if point N were chosen.
D) it is unachievable because it exceeds the productive capacity of the economy.

Question

-Refer to the above diagram.Curve (a)is the current production possibilities frontier for the economy.Other things being equal,society's current choice of point P on curve (a)means:
A) more rapid economic growth compared to choosing point N. 
B) a slower rate of economic growth compared to choosing point N. 
C) the same rate of growth as would occur if point N were chosen. 
D) it is unachievable because it exceeds the productive capacity of the economy.

Quizplus · Accepted Answer

The Answer of 
-Refer to the above diagram.Curve (a)is the current production possibilities frontier for the economy.Other things being equal,society's current choice of point P on curve (a)means:
A) more rapid economic growth compared to choosing point N. 
B) a slower rate of economic growth compared to choosing point N. 
C) the same rate of growth as would occur if point N were chosen. 
D) it is unachievable because it exceeds the productive capacity of the economy.

-Refer to the Above Diagram