Solved

Refer to the Figure Shown,which Represents the Production Possibilities Frontiers

Question 79

Multiple Choice

  Refer to the figure shown,which represents the production possibilities frontiers for Countries A and B.Which of the following statements is true? The opportunity cost of a truck in Country B is: A.12 cars. B.4 trucks. C.1.5 cars D.3 cars. A) measures the opportunity cost of trucks in terms of cars. B) measures the trade-off that Country A face when deciding how to allocate resources. C) is constant because the opportunity cost remains constant. D) All of these statements are true. Refer to the figure shown,which represents the production possibilities frontiers for Countries A and B.Which of the following statements is true? The opportunity cost of a truck in Country B is:
A.12 cars.
B.4 trucks.
C.1.5 cars
D.3 cars.


A) measures the opportunity cost of trucks in terms of cars.
B) measures the trade-off that Country A face when deciding how to allocate resources.
C) is constant because the opportunity cost remains constant.
D) All of these statements are true.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions