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

Question 5

Extracted text: PRINT LAST NAME, FIRST NAME PRODUCTION POSSIBILITIES Use the graph below to answer questions 1 through 5. Housing в° Food Which point corresponds to a combination of food and housing that is currently 1. unattainable? d. b. B C. a. Which point illustrates inefficiency or unemployment? (b. D d. c. a. Which points illustrate efficiency and full employment? B and C 3. B and D d. A and C b. C. A and B a. Shifting resources from food production to housing production could cause the economy to move from point A; C 4. to point ъ. C; D d. B; C C; A C. a. as resources are shifted from If the PPF is a straight line, opportunity cost 5. producing housing to food production; when the PPF is bowed outward, opportunity cost 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. d. 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. 6. 0. a. b. the straight-line shape of the production possibilities frontier. d. the bowed-outward shape of the production possibilities frontier. C. 2.