Figure 1-7 Shows the Production Possibilities Boundary for an Economy

question 43

Multiple Choice

Figure 1-7 shows the production possibilities boundary for an economy that produces two goods-cotton and bananas. FIGURE 1-7 Refer to Figure 1-7.A production possibilities boundary is shown for an economy that produces two goods-cotton and bananas,both measured in tonnes produced per year.Suppose the economy is currently producing at point A.What is the opportunity cost to this economy of increasing production of bananas by 100 tonnes?

• A)There is no opportunity cost.
• B)60 tonnes of cotton
• C)100 tonnes of cotton
• D)1440 tonnes of bananas
• E)1500 tonnes of bananas

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Definitions:

Defamation

A derogatory, false statement published to a person’s detriment.

Trespass

Unlawful entry onto land or property without the owner's permission.

Zoning Officer

A municipal official responsible for enforcing local zoning regulations, ensuring land and buildings are used in compliance with planning laws.

Deceit

The act of deceiving someone by concealing or misrepresenting the truth.