Production possibilities tables for two countries, North Cantina and South Cantina: North Cantina Production possibilities (alternatives)
South Cantina Production possibilities (alternatives)
Refer to the above tables.Suppose that North Cantina is producing 2 units of capital goods and 17 units of consumer goods while South Cantina is producing 2 units of capital goods and 21 units of consumer goods.We can conclude that:
A) North Cantina is fully and efficiently using its resources, but South Cantina is not.
B) South Cantina is fully and efficiently using its resources, but North Cantina is not.
C) neither South Cantina nor North Cantina are fully and efficiently using their resources.
D) both South Cantina and North Cantina are fully and efficiently using their resources.
Correct Answer:
Verified
Q135: The marginal cost curve is
A) upsloping because
Q161: Q163: If the output of product X is Q164: Unemployment and/or productive inefficiencies: Q165: A point inside a production possibilities curve Q167: Q168: Assume that a change in government policy Q169: Any point inside the production possibilities curve Q170: Production possibilities (alternatives) Q171: The output of blu ray players should Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)cause the production possibilities