Which of the Following Trade-Offs Does the Production Possibilities Frontier

question 117

Multiple Choice

Which of the following trade-offs does the production possibilities frontier illustrate?

• A)If an economy wants to increase efficiency in production,then it must sacrifice equality in consumption.
• B)Once an economy has reached the efficient points on its production possibilities frontier,the only way of getting more of one good is to get less of the other.
• C)For an economy to consume more of one good,it must stop consuming the other good entirely.
• D)For an economy to produce and consume goods,it must sacrifice environmental quality.

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Definitions:

King Hammurabi

An ancient Babylonian ruler famous for creating one of the world's earliest and most comprehensive written legal codes, known as Hammurabi's Code, around 1754 BC.

Writing System

A set of visible or tactile signs used to represent units of language in a systematic way.

Babylon

An ancient city located in Mesopotamia, historically significant for its contributions to law, architecture, and literature.

Environment

The surrounding conditions and elements in which an organism operates, including natural, social, and built factors that influence life.