-The Country Whose Production Possibilities Frontier Is Illustrated Above Is

question 203

Multiple Choice

-The country whose production possibilities frontier is illustrated above is currently at position A
On the production possibilities frontier. If it wishes to move to position B, it will

• A) incur an opportunity cost of having to give up some butter in order to make the additional amount of guns desired.
• B) be able to make the desired switch only if there is a significant improvement in the technology available to the nation.
• C) have to employ all currently unemployed resources to accomplish this.
• D) find this change impossible to achieve given the resources it currently possesses.

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A means of transporting goods or persons, typically on land, such as cars, trucks, or bicycles.

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The termination of contractual obligations by fully executing the tasks or duties outlined in the contract.

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