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1:48 PMSubmission ViewYour quiz has been submitted successfully.Question 11 / 1 pointThe United States produced approximately ________ worth of goods and services in 2011.A) $15 trillionB) $1,500 trillionC) $150 trillionD) $150 billionE) $15 billionQuestion 21 / 1 pointA production possibilities frontier showsA) that it is impossible to produce inefficiently.B) the various combinations of output a nation can produce a certain time, given its available resources and technology.C) that if price of one good decreases, the price of the other has to increase.D) the limits to future growth of a nation.E) how money can be allocated among two kinds of goods.Question 31 / 1 pointIn a production possibilities frontier graph, the cost of producing more units of a good is measured by theA) dollar value of the resources used to produce the good.B) amount of the other good or service that must be forgone.C) dollar value of the additional output.D) area in the arc between the PPF and a straight line drawn between the starting point and the ending point.E) None of the above answers is correct.Question 41 / 1 pointWhy is a production possibilities frontier bowed out (concave)?A) The bowed shape reflects