(Figure: PPF of Econia (A Small Nation)) Looking at the Production

question 71

Multiple Choice

(Figure: PPF of Econia (a small nation) ) Looking at the production possibilities frontier (PPF) of Econia, imagine that research develops a new hybrid variety of cotton that increases Econia's ability to produce cotton. Which statement would be true?

• A) Point A is now attainable because there would be an outward parallel shift of the PPF.
• B) Point G remains on Econia's PPF.
• C) Points C, D, and F move from being unattainable to attainable.
• D) Point A remains unattainable because the ability to produce wheat is unaffected.

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Definitions:

Milliliter

A unit of volume in the metric system, equal to one thousandth of a liter, commonly used to measure liquids.

Metric Equivalent

A conversion of measurements into the metric system, which is based on units of ten.

Milliliters

A metric unit of volume equal to one cubic centimeter, used commonly in liquid measurement.

Apothecary Measurement

A historical system of weight and volume units used primarily by pharmacists for the compounding and dispensing of medications.