Being on the Production-Possibility Frontier Between Guns and Butter Means

question 66

Multiple Choice

Being on the production-possibility frontier between guns and butter means that:

• A)it is impossible to produce any more guns.
• B)it is impossible to produce any more butter.
• C)more guns can be produced only by doing without some butter.
• D)population is in equilibrium.
• E)if society becomes more productive in producing butter, then we can have more butter but not more guns.