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
Q9: In recent years,several large Canadian-owned mining and
Q45: Suppose you own a courier service and
Q46: Consider Canada's production possibilities boundary.Suppose fire destroys
Q47: With a budget of $200 million,the government
Q48: Figure 1-7 shows the production possibilities boundary
Q49: With a budget of $500 000,a school
Q55: On a diagram of a production possibilities
Q60: Complex economic plans for many economic sectors
Q110: An economic system that relies primarily upon
Q125: Most modern economies in the world today<br>A)have