The production possibilities curve illustrates the notion of opportunity cost because A. as more of one good is produced, less of the other can be produced. B. points inside the production possibilities curve are inefficient. C. if there are moreresources, the curve will shift. D. points outside the production possibilities curve are unattainable.

The production possibilities curve illustrates the notion of opportunity cost because A. as more of one good is produced, less of the other can be produced. B. points inside the production possibilities curve are inefficient. C. if there are moreresources, the curve will shift. D. points outside the production possibilities curve are unattainable.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter1: What Is Economics

Section: Chapter Questions

Problem 23AA

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