Consider a Production Possibility Frontier with Jeans on the Vertical

question 200

Multiple Choice

Consider a production possibility frontier with jeans on the vertical axis and shoes on the horizontal axis.As the country moves along the frontier closer to the horizontal axis,

• A) more jeans are produced.
• B) the country eventually chooses an unattainable point.
• C) free lunches occur.
• D) more tradeoffs occur.
• E) more shoes are produced.

---

Definitions:

Sample Space

All conceivable outcomes or results that can occur in an experiment involving probability.

Simple Events

Events in probability that consist of a single outcome and cannot be broken down into simpler components.

Individual Outcome

The result or final state of a single observation or experiment, which can vary between instances in a study or trial.

Constitute

To compose or form something, often used in a legal or formal context to indicate the components that make up a whole.