Use the following to answer question:
-(Figure: Wine and Wheat)Use Figure: Wine and Wheat.If this economy is producing 12 tons of wheat and 9,000 bottles of wine,we know the economy:
A)is using its resources efficiently.
B)is using its resources inefficiently.
C)is producing at an unattainable point.
D)has unemployment.

Question

Use the following to answer question: 
-(Figure: Wine and Wheat)Use Figure: Wine and Wheat.If this economy is producing 12 tons of wheat and 9,000 bottles of wine,we know the economy:
A)is using its resources efficiently. 
B)is using its resources inefficiently. 
C)is producing at an unattainable point. 
D)has unemployment.

Quizplus · Accepted Answer

The economy is producing at a point on the production possibilities frontier, indicating that it is using its resources efficiently.

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