The above figure shows the production possibility frontier for a country. What is the opportunity cost to move from point D to point E?
A) 6 thousand bottles of wine
B) 15 thousand bottles of wine
C) 6 tons of rice
D) 9 thousand bottles of wine
E) Nothing, it is a free lunch.
D
You might also like to view...
Which of the following would correspond to a movement downward along a short-run Phillips curve? a. The aggregate demand curve shifts rightward, moving up along a short-run aggregate supply curve. b. The aggregate demand curve shifts leftward, moving down along a short-run aggregate supply curve. c. The short-run aggregate supply curve shifts leftward, moving up along the aggregate demand
curve. d. The money supply curve shifts rightward for a given money demand curve. e. Both the money demand and the money supply curves shift leftward.
A concert by Toni Braxton is
a. rival and exclusive, and therefore is a public good b. rival and exclusive, and therefore is a private good c. exclusive, but since it is nonrival, it is a public good d. nonrival and nonexclusive, and therefore is a public good e. nonrival and nonexclusive, and therefore is a private good