Use the Figure Below to Answer the Following Questions

question 8

Multiple Choice

Use the figure below to answer the following questions.

Figure 2.1.2
-Consider the production possibilities frontier in Figure 2.1.2,and assume that everything that is produced is also consumed.Which of the following statements is false?

• A)Resources are not equally useful in all activities.
• B)Points inside the frontier indicate unused or misallocated resources.
• C)Starting at point A, an increase in the production of Y will shift the frontier outward.
• D)The opportunity cost of producing Y increases as production of Y increases.
• E)The opportunity cost of producing X increases as production of X increases.

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Definitions:

Salmon

A species of fish commonly found in both fresh and saltwater, highly valued for its taste and nutritional benefits.

Absolute Advantage

The ability of an entity to produce a good or service more efficiently than its competitors, using fewer resources.

Programs

Structured plans or initiatives designed to achieve certain goals or outcomes, often referring to software in computing contexts.

Sunglasses

Protective eyewear designed to prevent bright sunlight from damaging or discomforting the eyes.