Figure 51 the Figure Shows a Linear Production Possibility Curve Representing

question 41

Multiple Choice

Figure 5.1. The figure shows a linear production possibility curve representing a tradeoff faced by a country, between necessities and luxuries​.
-When people make choices that (at the time and with the information they have at their disposal) give them the greatest amount of satisfaction, they are said to be:

• A)behaving irrationally.
• B)applying econometric models to their everyday behavior.
• C)living under a communist dictator.
• D)acting in their own self-interest.
• E)showing no willingness to plan for the future.

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