-Refer to the Above Figure

question 61

Multiple Choice

-Refer to the above figure. Which one of the following statements is true with regard to the economy depicted in the graph?

• A) Starting from point A, this economy does not incur any opportunity cost in producing more bread.
• B) Starting from point A, this economy does not incur any opportunity cost in producing more wool.
• C) In moving from point A to point B, the economy produces 30 additional bales of wool at an opportunity cost of 250 loaves of bread.
• D) In moving from point A to point B, the economy is experiencing economic growth.

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Having the necessary skills, qualities, or attributes to meet the requirements of a particular role or task.

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Intended to mislead or trick someone into believing something that is not true.

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