-Exhibit B-7 Shows the Production Possibilities Curves for a Country

Multiple Choice

-Exhibit B-7 shows the production possibilities curves for a country for the years 2003and 2004. Suppose the country was located at point A in 2003 and point B in 2004. This economy

A) experienced a loss of resources in 2004
B) had lower unemployment in 2004 than in 2003
C) achieved full employment in 2003 and in 2004
D) is less efficient in 2004 than in 2003
E) produced fewer goods in 2004 than in 2003