Opportunity Cost Is Illustrated on the Production Possibilities Curve by a

question 339

Multiple Choice

Opportunity cost is illustrated on the production possibilities curve by a

• A) bowed-out shape of the curve.
• B) shift to the right of the curve.
• C) shift to the left of the curve.
• D) movement along the curve.

---

Definitions:

Philadelphia

A city in Pennsylvania, significant for its historical role in the founding of the United States.

Dominion of New England

A short-lived administrative union of English colonies in the New England region of North America from 1686 to 1689, imposed by the British government to tighten control.

James II

King of England and Ireland, and James VII of Scotland, who ruled from 1685 until he was deposed in the Glorious Revolution of 1688.

Inter-Colonial Militia

Armed forces composed of volunteers from different colonies, created for mutual defense and protection during the early colonial period in North America.