Use the Figure Below to Answer the Following Questions

question 91

Multiple Choice

use the figure below to answer the following questions

-We can see that the opportunity cost of moving from point D to point E is different from the opportunity cost of moving from point D to point C because

• A) growing rice requires more water than growing wheat for pasta does.
• B) the slope of the production possibilities frontier (PP
• F)is different in each of the two segments.
• C) they are all efficient points.
• D) they are all attainable points.
• E) the opportunity cost is constant along the PPF.

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Definitions:

Sweden

A Nordic country in Northern Europe, known for its high standard of living, well-developed welfare states, and neutral foreign policy stance.

Boats

Watercraft of various sizes and types that are used for transportation, recreation, or as a dwelling.

Absolute Advantage

The ability of a country, individual, or company to produce a good or service more efficiently than competitors using the same amount of resources.

Portugal

A country located in southwestern Europe on the Iberian Peninsula, known for its rich history, cultural heritage, and maritime discoveries.