Which of the following statements about a movement along the production possibilities curve in the above figure is FALSE?

A. There are no opportunity costs involved in choosing one point on the curve over all other points.
B. Society cannot have more of both goods at the same time.
C. An additional computer can be produced only if fewer televisions are produced.
D. The trade-off between computers and televisions is not constant.

Answer: A

Economics

You might also like to view...

What is the effect of an increase in unemployment benefits on the unemployment rate?

What will be an ideal response?

Economics

In the above table, the size of the labor force is

A) 210 million. B) 155 million. C) 140 million. D) 100 million.

Economics