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Figure 51 the Figure Shows a Linear Production Possibility Curve Representing

Question 2

Multiple Choice

Figure 5.1. The figure shows a linear production possibility curve representing a tradeoff faced by a country, between necessities and luxuries​. Figure 5.1. The figure shows a linear production possibility curve representing a tradeoff faced by a country, between necessities and luxuries​.   -To say that  there is a scarcity of gold  means that: A) gold prices will plummet. B) there is not enough gold to satisfy people's demand. C) there are a very few substitutes for gold. D) gold is relatively less expensive than other metals. E) the demand for gold is changing.
-To say that "there is a scarcity of gold" means that:


A) gold prices will plummet.
B) there is not enough gold to satisfy people's demand.
C) there are a very few substitutes for gold.
D) gold is relatively less expensive than other metals.
E) the demand for gold is changing.

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