A Production Possibilities Curve Indicates That When Resources Are Being

question 37

Multiple Choice

A production possibilities curve indicates that when resources are being used efficiently,

• A) you can only produce more of one good only if you lower its price.
• B) you can only produce more of one good only if you produce more of another good.
• C) you can only produce more of one good only if you produce less of another good.
• D) it is impossible to expand the total output of goods over time.