The Following Figure Represents Various Production Possibilities Curves (PPCs) of Economies

question 11

Multiple Choice

The following figure represents various production possibilities curves (PPCs) of economies that produce apples and oranges.

-Refer to the figure above.An economy produces apples and oranges.In this economy,the opportunity cost of producing apples and the opportunity cost of producing oranges are both increasing.In the figure,which curve correctly represents the production possibilities frontier of this economy?

• A) PPC 1
• B) PPC 2
• C) PPC 3
• D) PPC 4

---

Definitions:

Philip Morris

Philip Morris International is a multinational cigarette and tobacco manufacturing company, known for its production and sale of cigarettes and other nicotine-containing products.

Altria

A leading tobacco company known for owning some of the most popular cigarette, cigar, and smokeless tobacco brands.

Reminder Institutional Ad

An advertising approach aimed at reminding the audience of an institution's presence, values, or benefits, rather than promoting specific products or services.

Beef Council

An organization that promotes the beef industry and supports farmers and ranchers through marketing, research, and education.