-The Above Figure Shows the Production Possibility Frontier for a Country.Suppose

question 62

Multiple Choice

-The above figure shows the production possibility frontier for a country.Suppose the country is producing at point E.What would be the opportunity cost to increase the production of wine to 9 thousand bottles?

• A) 12 tons of rice
• B) 15 thousand bottles of wine
• C) 9 thousand bottles of wine
• D) 3 tons of rice
• E) Nothing, it is a free lunch.

---

Definitions:

Subjective

Based on or influenced by personal feelings, tastes, or opinions rather than external facts or evidence.

Restitution

The act of restoring someone to their original state, or compensating for a loss, damage, or injury caused.

Aggrieved Party

An individual or entity that suffers a loss or injury due to the actions or omissions of another and has the legal standing to seek redress.

Misrepresentation

A false or misleading statement that induces another to enter into a contract or transaction.