Macroeconomics

MCQ - 177-4187

Question:

Now that the economy is operating on PPF2, what has happened to the opportunity cost of producing these goods?

The opportunity cost of producing tractors has decreased, while the opportunity cost of producing corn has increased.
The opportunity cost of producing tractors has increased, while the opportunity cost of producing corn has decreased.
The opportunity costs of producing tractors and corn have both decreased.
The opportunity cost of producing tractors has increased, while the opportunity cost of producing corn has decreased.
The opportunity costs of producing tractors and corn have both increased.

Correct Answer: B

Explanation:

When the slope of the PPF increases, the opportunity cost of producing the x axis good rises.

Previous Question

Next Question

Back to Section

Record Performance

269 MCQ for effective preparation of the test of Macroeconomics of Economics section.

Read the MCQ statement: Now that the economy is operating on PPF2, what has happened to the opportunity cost of producing these goods? , keenly and apply the method you have learn through the video lessons for Macroeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 177-4187.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

Share This Page

Full Films

TV Serials

Short Films

Upcoming Films