Multiple Choice
The diagram below shows two production possibilities boundaries for Country X.
FIGURE 1- 4
-Refer to Figure 1- 4.If Country X were producing at point C,
A) it is not possible to move to any point on PPB1 or PPB2 without technological progress.
B) the opportunity cost of moving to point A is to give up some capital goods.
C) the opportunity cost of moving to point B is to give up some consumption goods.
D) the opportunity cost of moving to point A is zero.
E) this is the maximum output possible from given resources.
Correct Answer:

Verified
Correct Answer:
Verified
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