Multiple Choice
Use the figure below to answer the following questions.
Figure 2.2.1
-In Figure 2.2.1, the curve labeled B shows
A) the bottles of pop that people are willing to forgo to get another bicycle.
B) the bicycles that people are willing to forgo to get another bottle of pop.
C) the bottles of pop that people must forgo to get another bicycle.
D) that the benefits from producing more bicycles is greater than the benefits from producing more pop.
E) that the benefits from producing more pop is greater than the benefits from producing more bicycles.
Correct Answer:

Verified
Correct Answer:
Verified
Q23: Which one of the following would cause
Q25: Individuals A and B can both produce
Q32: The production possibilities frontier is<br>A)upward sloping and
Q82: Use the information below to answer the
Q82: Suppose John and Joe each have different
Q83: Table 2.1.1<br>The following table gives points on
Q84: Use the figure below to answer the
Q90: The slope of the production possibilities frontier
Q130: Opportunity cost of an action is<br>A)the best
Q140: Which one of the following would likely