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-(Table: Production Possibilities Schedule II)Use Table: Production Possibilities Schedule II.The production of 14 units of consumer goods and 1 unit of capital goods per period would result in:
A)full employment.
B)no unused resources.
C)some unused or inefficiently used resources.
D)an increase in economic growth.

Question

Use the following to answer question:

-(Table: Production Possibilities Schedule II)Use Table: Production Possibilities Schedule II.The production of 14 units of consumer goods and 1 unit of capital goods per period would result in:
A)full employment. 
B)no unused resources. 
C)some unused or inefficiently used resources. 
D)an increase in economic growth.

Quizplus · Accepted Answer

According to the Production Possibilities Schedule II, producing 14 units of consumer goods and 1 unit of capital goods per period is not possible with the given resources and technology, indicated by the fact that this point falls outside the production possibilities frontier. This means that some resources would remain unused or inefficiently used, as the economy is not at full employment. Therefore, the correct answer is C.

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