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Figure 2-15 -Refer to Figure 2-15. Consider the Production Possibilities Frontier for Possibilities

Question 260

Multiple Choice

Figure 2-15 Figure 2-15 -Refer to Figure 2-15. Consider the production possibilities frontier for an economy that produces only sofas and cars. When society moves from point A to point B, A) the opportunity cost is the same as when society moves from point B to point C. B) it is giving up cars to get sofas. C) the opportunity cost is increasing. D) it moves from an inefficient point to an efficient point.
-Refer to Figure 2-15. Consider the production possibilities frontier for an economy that produces only sofas and cars. When society moves from point A to point B,

A) the opportunity cost is the same as when society moves from point B to point C.
B) it is giving up cars to get sofas.
C) the opportunity cost is increasing.
D) it moves from an inefficient point to an efficient point.

Correct Answer: