As We Increase the Production of X, We Find We

Multiple Choice

As we increase the production of X, we find we must give up larger and larger amounts of Y per unit of X. Select the best statement.

A) This illustrates increasing opportunity cost.
B) As a result, we should not specialize in the production of X.
C) The production possibilities frontier for X and Y is a straight line.
D) Good Y will be more highly regarded by consumers than good X.
E) We must be producing inside the production possibilities frontier.