Question

1. match each graph with its description. *

c.

soda

orange juice

• an inefficient mix of output
• the law of increasing opportunity cost
• technological advances in the production of both

Explanation:

Identify the graph type

The graph shows a Production Possibilities Curve (PPC) with "soda" on the vertical axis and "orange juice" on the horizontal axis.

Analyze the shift

The arrow indicates an outward shift of the entire curve away from the origin.

Connect to economic concepts

An outward shift of the Production Possibilities Curve represents an increase in productive capacity.

Evaluate the options

• "An inefficient mix of output" refers to a point inside the curve.
• "The law of increasing opportunity cost" is reflected by the bowed-out shape.
• "Technological advances in the production of both" causes the entire curve to shift outward.

Answer:

• An inefficient mix of output
• The law of increasing opportunity cost
• Technological advances in the production of both (Correct answer)