Refer to the graph below.If the production possibility curve shifts along the Good Y axis, which point will remain as a point of efficiency?

A. A
B. B
C. C
D. D

Answer: D

Economics

You might also like to view...

Which of the following is NOT considered to be an economic resource?

A) an engineer B) a company truck C) a local gas station D) a view of the moon on a clear night

Economics

The rent earned on marginal land is

A. zero. B. the average of all qualities of land. C. above the average of all qualities of land. D. below the average of all qualities of land.

Economics