Figure 2-5 shows five different points along the production possibilities frontier for a country that produces rockets and cruise ships. If the country is currently operating at point C and decided to move to point B,

image

a. the opportunity cost would be four rockets
b. it could not do so, given the current state of technology and quantity of resources
c. the country would have to forego producing six cruise ships
d. the opportunity cost would be four cruise ships
e. the opportunity cost would be six rockets


d

Economics

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