Multiple Choice
-
The above figure shows the production possibility frontier for a country. Suppose the country is producing at point D. What would be the opportunity cost to move to point C?
A) 6 thousand bottles of wine
B) 12 tons of rice
C) 15 thousand bottles of wine
D) Nothing, it is a free lunch
E) This movement is not possible without economic growth.
Correct Answer:

Verified
Correct Answer:
Verified
Q62: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" - The figure
Q63: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" - The figure
Q64: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" - The above
Q65: The production possibilities frontier is a graph
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Q68: If an economy cannot produce more of
Q69: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" - The figure
Q70: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" - The
Q71: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" - In the
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