The unattainable points in a production possibilities diagram are O A. the points within the production possibilities frontier. B. the points along the production possibilities frontier. C. the points of the horizontal and vertical intercepts. O D. the points outside the production possibilities frontier
Answer
| Q1. | ||||||
| Answer is D. The points outside the production possibilities frontier. |
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| Q2. | ||||||
| Answer is C. The ability to produce a good or service at a lower opportunity cost than any other producer. |
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| Q3. | ||||||
| Answer is C. has a comparative advantage in producing Good 1. |
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| Q4. | ||||||
| Answer is Country B. | ||||||
