
-In Exhibit B-9, if the economy decides to locate at point E,
A) this is its best choice because it is producing maximum capital goods
B) this is its best choice because it is producing maximum consumption goods
C) it has not achieved full employment
D) it could not sustain itself in the long run because its people will have no consumption goods (presumably, this includes food)
E) the economy has not achieved maximum efficiency
Correct Answer:
Verified
Q67: If a resource is underemployed, it
A) is
Q68: An example of an underemployed resource is
Q69: If a resource is unemployed, it
A) is
Q70: Which of the following would be an
Q71: Consider a two-goods (capital and consumption) production
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