Figure 2-14 Consider the Production Possibilities Curve for a Country

question 126

Multiple Choice

Figure 2-14 Consider the production possibilities curve for a country that can produce sweaters,apples (in bushels) ,or a combination of the two
-Refer to Figure 2-14.If this society is producing at point T,

• A)there is unemployment.
• B)production is efficient.
• C)growth can only be achieved through an advancement in technology.
• D)the opportunity cost of producing one more sweater is approximately 40 bushels of apples.

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