Moe Divides His Time Between Studying Physics and Studying Economics

question 158

Multiple Choice

Moe divides his time between studying Physics and studying Economics. His production possibilities curve for his final grade in each class is shown in the accompanying figure. According to Moe's PPC, moving from a 70 to an 80 in economics:

• A)is inefficient.
• B)has a lower opportunity cost than moving from an 80 to a 90.
• C)is unattainable.
• D)has a higher opportunity cost than moving from an 80 to a 90.

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Definitions:

Employment

The condition of having paid work, or the relationship between an employer and an employee where the employee provides labor in exchange for compensation.

Positive Economics

The branch of economics that focuses on describing and explaining economic phenomena as it actually exists.

Automobile Emissions

The gases and particles that are released into the atmosphere by vehicles powered by internal combustion engines, contributing to air pollution.

Global Warming

Global warming is the long-term rise in Earth's average surface temperature, primarily due to human activities like burning fossil fuels, leading to climate change.