Consider a Production Possibility Frontier with Jeans on the Vertical

question 250

Multiple Choice

Consider a production possibility frontier with jeans on the vertical axis and shoes on the horizontal axis.As a country moves along the frontier closer to the vertical axis,

• A) the opportunity cost of producing jeans increases.
• B) the opportunity cost of producing shoes increases.
• C) there are fewer tradeoffs.
• D) inefficient production occurs.
• E) the opportunity cost of producing jeans decreases.

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