-The Above Figure Shows the Production Possibility Frontier for a Country.What

question 121

Multiple Choice

-The above figure shows the production possibility frontier for a country.What is the opportunity cost to move from point D to point E?

• A) 6 thousand bottles of wine
• B) 15 thousand bottles of wine
• C) 6 tons of rice
• D) 9 thousand bottles of wine
• E) Nothing, it is a free lunch.

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Definitions:

Retail Sales Tax

A tax on the sale of goods and services that is usually calculated as a percentage of the purchase price and collected by the retailer.

Payout Rates

The percentage of earnings or profits that a company distributes to its shareholders as dividends.

State Lotteries

Government-run lotteries that operate as a form of gambling, providing revenue for public projects and services.

Casinos

Facilities that accommodate and house various types of gambling activities and entertainments.