Which of the Following Statements Best Describes the Given Production

question 43

Multiple Choice

Which of the following statements best describes the given production possibilities curve?

• A) The market price of butter must be higher than the market price for guns.
• B) The market price of guns must be higher than the market price for butter.
• C) It is more profitable for Becky to produce guns than butter.
• D) It is more profitable for Becky to produce butter than guns.
• E) The opportunity cost for one additional gun is always constant.

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Definitions:

Advice And Consent

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President

The head of state and head of government in a republic, particularly referring to the chief executive of the United States.

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The formal announcement by a governmental authority that a state of war exists between it and another nation.

American History

The record of events, people, and movements that have shaped the United States from its pre-Columbian era to the present day.