liva NAME PRINT LAST NAME, FIRST NAME PRODUCTION POSSIBILITIES Use the graph below to answer questions 1 through 5. Housing B° Food Which point corresponds to a combination of food and housing that is...

Question 6

Extracted text: liva NAME PRINT LAST NAME, FIRST NAME PRODUCTION POSSIBILITIES Use the graph below to answer questions 1 through 5. Housing B° Food Which point corresponds to a combination of food and housing that is currently unattainable? 1. d. b. c. a. Which point illustrates inefficiency or unemployment? b. d. a. C. Which points illustrate efficiency and full employment? A and C 3. B and C A and B d. b. B and D C. a. Shifting resources from food production to housing production could cause the economy to move from point 4. to point b. C; A B; C A; C d. C; D C. a. If the PPF is a straight line, opportunity cost 5. as resources are shifted from producing housing to food production; when the PPF is bowed outward, opportunity co as resources are shifted from producing housing to food production. remains constant; remains constant increases; increases remains constant; increases increases; remains constant a. b. C. In the production possibilities model, economic growth is illustrated by: an inward shift of the production possibilities frontier. an outward shift of the production possibilities frontier. the straight-line shape of the production possibilities frontier. the bowed-outward shape of the production possibilities frontier. 6. a. (b. C. d. 2.