The table above shows a nation's production possibilities frontier. If the nation wants to produce 4 robots and 34 pizzas,
A) the nation will be producing inefficiently.
B) the opportunity cost is 9 pizzas.
C) it will shift the production possibilities frontier.
D) it will be unable to do so because the production point is unattainable.
E) the nation will then be producing at a production efficient point.
D
Economics
You might also like to view...
How did the international monetary system influence macroeconomic policy-making and performance during the interwar period (1918-1939)?
What will be an ideal response?
Economics
At any given time,
a. planned investment equals planned saving. b. planned investment equals actual investment. c. planned saving equals actual saving. d. actual investment equals actual saving.
Economics