The Diagram Below Shows Two Production Possibilities Boundaries for Country

question 37

Multiple Choice

The diagram below shows two production possibilities boundaries for Country X. FIGURE 1-4 Refer to Figure 1-4.If Country X were producing at point C,

• A)the opportunity cost of moving to point A is to give up an increase in the production of consumer goods.
• B)the opportunity cost of moving to point A is zero.
• C)the opportunity cost of moving to point A is to give up some capital goods.
• D)this is the maximum output possible from given resources.
• E)it is not possible to move to any point on PPB₁ or PPB₂ without technological progress.

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Definitions:

Gatekeepers

Individuals or entities that control access to information, resources, or access points within a system or organization.

Cross-functional Teams

Teams composed of members from different departments or areas of expertise within an organization, working together to achieve a common goal.

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