Author Question: The above table shows production combinations on a country's production possibilities frontier. A ... (Read 80 times)

tatyanajohnson · **on:** Jun 29, 2018

The above table shows production combinations on a country's production possibilities frontier. A movement from ________ involves the greatest opportunity cost of increasing the production of good Y.

A) point E to point D
B) point D to point C
C) point C to point B
D) point B to point A

Question 2

A tariff on imported peanuts ________ the quantity of peanuts imported and ________ the domestic price of peanuts.

A) decreases; decreases
B) decreases; increases
C) increases; lowers
D) does not change; increases