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Figure 2: A Production Possibilities Frontier Production Possibilities Frontier C B r o C C [1] 1 i Pizza 42. Consider the PPF in Figure
Figure 2: A Production Possibilities Frontier Production Possibilities Frontier C B r o C C [1] 1 i Pizza 42. Consider the PPF in Figure 2. above. What is true about Point 7 (A) It reflects diminishing marginal returns. (B) To go from point B to point C requires economic growth, (C) It is a point of productive efficiency. (D) Resources are being unused or misallocated. 43. Which of the following best describes the Straw Man fallacy? (A) An attempt to sway the argument through emotion, rather than through logic or evidence (B) Changing the subject, rather than sticking to the issue at hand (C) One side of the argument is presented as so extreme that nobody will agree with it, aml it is therefore easy to deconstruct (D) The idea that popular ideas must necessarily be correct (i.e. if evervone is doing it, then 1 should do it also!) 16
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