On a Diagram of a Production Possibilities Boundary,the Concept of Opportunity

question 55

Multiple Choice

On a diagram of a production possibilities boundary,the concept of opportunity cost is illustrated by the

• A)distance from the origin to the boundary.
• B)negative slope of the boundary.
• C)boundary being concave to the origin.
• D)unattainable points outside the boundary.
• E)area bounded by the two axes and the boundary.

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Definitions:

Conscious

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, etc.

Reality

The state of things as they actually exist, as opposed to an idealistic or notional idea of them.

Repression

A psychological defense mechanism where distressing thoughts, memories, or impulses are excluded from consciousness.

Anxiety

A feeling of worry, nervousness, or unease, typically about an imminent event or something with an uncertain outcome.