As We Move Along the Production Possibilities Frontier

question 127

Multiple Choice

As we move along the production possibilities frontier,

• A) the production of one good increases as the production of the other good decreases.
• B) the possibilities of tradeoffs diminish.
• C) a tradeoff is not possible because nations need all goods.
• D) more of both goods can be produced.
• E) less of both goods can be produced.

---

Definitions:

Distribution

Describes the way in which data points are spread out across different values in a dataset.

Frequency Distribution

A summary of how often each value in a set of data occurs, often displayed in a table or graph.

Class Interval

The range of values into which data are grouped for frequency distribution purposes, often used in histograms.

Histogram

A graphical representation of data using bars of different heights to show the frequency of data in successive intervals.