A nation can produce two products: tanks and autos. The table below is the nation's production possibilities: Given the production possibilities schedule above, a combination of 3 tanks and 350 autos:
A) Illustrates the tradeoff between tanks and autos
B) Is attainable but entails some unemployment or inefficient use of society's resources
C) Cannot be produced by society, given its current resources and production technology
D) Is not attainable because this combination is not listed in the schedule

Question

A nation can produce two products: tanks and autos. The table below is the nation's production possibilities:  Given the production possibilities schedule above, a combination of 3 tanks and 350 autos:
A) Illustrates the tradeoff between tanks and autos 
B) Is attainable but entails some unemployment or inefficient use of society's resources 
C) Cannot be produced by society, given its current resources and production technology 
D) Is not attainable because this combination is not listed in the schedule

Quizplus · Accepted Answer

The Answer of A nation can produce two products: tanks and autos. The table below is the nation's production possibilities:  Given the production possibilities schedule above, a combination of 3 tanks and 350 autos:
A) Illustrates the tradeoff between tanks and autos 
B) Is attainable but entails some unemployment or inefficient use of society's resources 
C) Cannot be produced by society, given its current resources and production technology 
D) Is not attainable because this combination is not listed in the schedule

A Nation Can Produce Two Products: Tanks and Autos