Consider a Production Possibility Frontier with Jeans on the Vertical

question 46

Multiple Choice

Consider a production possibility frontier with jeans on the vertical axis and shoes on the horizontal axis. As the country moves along the frontier closer to the horizontal axis,

• A) more jeans are produced.
• B) more tradeoffs occur.
• C) the country eventually chooses an unattainable point.
• D) free lunches occur.
• E) more shoes are produced.

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Definitions:

Tertiary

Referring to the third level or stage in a sequence, system, or hierarchy.

Tapped

In electrical engineering, refers to creating a connection point at some location along a wire or winding of a transformer to draw off voltage.

Autotransformer

A type of electrical transformer with a single winding that acts as both the primary and the secondary winding, used for varying the level of voltage.

Primary

The initial or most important in order of development or consideration.