Multiple Choice
The diagram below shows two production possibilities boundaries for Country X. FIGURE 1-4 Refer to Figure 1-4.At point B,
A) the price of capital goods is higher than the price of consumer goods.
B) Country X is producing too many consumer goods and too few capital goods.
C) the price of consumer goods is equal to the price of capital goods.
D) the opportunity cost of producing an extra unit of capital goods is higher than at point A.
E) the opportunity cost of producing an extra unit of consumer goods is higher than at point A.
Correct Answer:

Verified
Correct Answer:
Verified
Q118: The downward-sloping line in the diagram below
Q119: Comparison of economic systems indicates that<br>A)most nations
Q120: The barter system of exchange is inefficient
Q121: Suppose there are only two goods produced
Q122: With a budget of $500 000,a school
Q124: Figure 1-7 shows the production possibilities boundary
Q125: Most modern economies in the world today<br>A)have
Q126: With a budget of $200 million,the government
Q127: Which of the following results from the
Q128: Society's resources are often divided into broad