1. From the information in Exhibit 6, which of the following points on the production possibilities curve are attainable with the resources and technology currently available?
a. A, B, C, E, U
b. A, B, C, D, W
c. E, U, W
d. B, C, D, U
e. A, B, C, E
2. In Exhibit 6, which of the following points on the production possibilities curve are efficient production points?
a. A, B, C, U
b. A, B, C, D, U
c. E, U, W
d. B, C, D, U
e. A, B, C, D
3. In Exhibit 6, to move from U to B, the opportunity cost
a. would be 4 units of consumption goods.
b. would be 2 units of capital goods.
c. would be zero.
d. would be 5 units of capital goods.
e. cannot be estimated.
4. In Exhibit 6, which of the following points on the production possibilities curve are full-employment production points?
a. A, B, C, D
b. A, B, C, D, U
c. E, U, W
d. B, C, D, U
e. A, B, C, U