PRODUCTION POSSIBILITY CURVE Refer to figure 1 above for questions 11-15 Bread 1

Question

PRODUCTION POSSIBILITY CURVE Refer to figure 1 above for questions 11-15 Bread 11. It is not possible to produce at (a) point A (b) point B (c) point Eld) point G 12.A movement from point B to point C means(a) less wine and more bread(b) less bread and more wine(c) full employment(d) is beyond the scope of current technology. 13. At point A (a) only bread is produced(b) only wine is produced(c)both bread and wine are produced(d) none of these. 14. Points G and Fare (a) unattainable(b) inefficient(c)are the best use of resources(d) none of these. 15. Point E(a) can never be reached(b) can be attained with improved technology(c)Allows only wine to be produced(d) none of these.

Explanation / Answer

11) it is not possible to produce at point "E". That point is above the PPC and the economy doesn't have the resources to produce at that point.

12) "A". Moving from point B to C means less wine and more bread.

13) At the point, A "Only wine is produced".

14) point F and G are "inefficient" because they are not on the PP curve.

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