Figure 3-5 The graph below represents the various combinations of cars and corn that Country A could produce in a given month. (On the vertical axis, corn is measured in bushels.)

-Refer to Figure 3-5.The graph that is shown is called a
A)supply line.
B)opportunity line.
C)production possibilities frontier.
D)consumption possibilities frontier.

Question

Figure 3-5 The graph below represents the various combinations of cars and corn that Country A could produce in a given month. (On the vertical axis, corn is measured in bushels.)
 
-Refer to Figure 3-5.The graph that is shown is called a
A)supply line. 
B)opportunity line. 
C)production possibilities frontier. 
D)consumption possibilities frontier.

Quizplus · Accepted Answer

The graph represents the production possibilities frontier, which shows the maximum combinations of two goods that can be produced with a given set of resources and technology.

Figure 3-5 the Graph Below Represents the Various Combinations of Cars