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-Which of the Following Statements About a Movement Along the Production

question 192

Multiple Choice

  -Which of the following statements about a movement along the production possibilities curve in the above figure is FALSE? A)  An additional computer can be produced only if fewer televisions are produced. B)  The trade-off between computers and televisions is not constant. C)  Society cannot have more of both goods at the same time. D)  There are no opportunity costs involved in choosing one point on the curve over all other points.
-Which of the following statements about a movement along the production possibilities curve in the above figure is FALSE?


Definitions:

Bushels

A unit of volume that is used for measuring quantities of agricultural produce such as grains.

Production Possibilities

Different combinations of goods and services that a society can produce given its available resources and technology.

Average Product

The output per unit of input, calculated by dividing total production by the number of input units.

Labor

The human effort (physical or mental) that is used in the production of goods and services.

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