Statement I

Multiple Choice

Statement I.As long as we are on our production possibilities frontier,we can produce as many guns and as much butter as we want.
Statement II.In theory,a nation may be on its production possibilities frontier;in practice,no nation has ever attained this economic state.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.