Which of the Following Trade-Offs Does the Production Possibilities Frontier

question 149

Multiple Choice

Which of the following trade-offs does the production possibilities frontier illustrate?

• A) if an economy wants to increase efficiency in production, then it must sacrifice equality in consumption
• B) once an economy has reached the efficient points on its production possibilities frontier, the only way of getting more of one good is to get less of the other
• C) for an economy to consume more of one good, it must stop consuming the other good entirely
• D) for an economy to produce and consume goods, it must sacrifice environmental quality

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Definitions:

Bone Scan

A diagnostic imaging test to detect areas of increased or decreased bone metabolism.

Cancer

A broad group of diseases involving abnormal cell growth with the potential to invade or spread to other parts of the body.

Fractures

Breaks or cracks in bones, often resulting from injury, that can vary in severity and type.

Low-Dose X-Ray

An imaging technique that uses a small amount of radiation to capture pictures of the inside of the body.