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.

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Definitions:

Political Party

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15th Amendment

An addition to the U.S. Constitution, ratified in 1870, that prohibits the federal and state governments from denying a citizen the right to vote based on that citizen's "race, color, or previous condition of servitude."

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Republican Party

A political party in the United States known for its conservative policies, emphasizing a pro-business agenda, national defense, and limited government intervention.