ECON102 Study Guide - Opportunity Cost, European Route E6

2) Which one of the following concepts is not illustrated by a production possibilities frontier? A) monetary exchange B) scarcity C) attainable and unattainable points D) opportunity cost E) the tradeoff between producing one good versus another Use the table below to answer the following questions. Table 1 Production Possibilities Possibility Kilograms of Butter Guns

14) Which one of the following concepts is not illustrated by a production possibilities curve? A) scarcity B) monetary exchange C) opportunity cost D) attainable and unattainable points E) the tradeoff between producing one good versus another Use the figure below to answer question 15.

11) Which one of the following concepts is illustrated by a production possibilities frontier? A) profit B) the tradeoff between producing one good versus another C) consumption D) monetary exchange E) investment