Multiple Choice
A certain production possibilities frontier shows production possibilities for two goods,jewelry and clothing.Which of the following concepts cannot be illustrated by this model?
A) the flow of dollars between sellers of jewelry and clothing and buyers of jewelry and clothing
B) the tradeoff between production of jewelry and production of clothing
C) the opportunity cost of clothing in terms of jewelry
D) the effect of economic growth on production possibilities involving jewelry and clothing
Correct Answer:
Verified
Correct Answer:
Verified
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